Kestra Private Wealth Services LLC Reduces Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kestra Private Wealth Services LLC lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,421 shares of the company’s stock after selling 150 shares during the period. Kestra Private Wealth Services LLC’s holdings in Royal Caribbean Cruises were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RCL. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $33,000. Hanseatic Management Services Inc. bought a new position in shares of Royal Caribbean Cruises in the third quarter worth $36,000. West Branch Capital LLC increased its holdings in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Royal Caribbean Cruises by 367.2% in the fourth quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Insiders have sold a total of 71,697 shares of company stock worth $9,749,357 in the last 90 days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 3.6 %

NYSE RCL opened at $143.25 on Tuesday. Royal Caribbean Cruises Ltd. has a 1-year low of $73.93 and a 1-year high of $143.62. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The stock has a 50-day moving average of $132.78 and a 200-day moving average of $120.16. The firm has a market cap of $36.87 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.41 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. Royal Caribbean Cruises’s revenue for the quarter was up 29.2% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current year.

Analysts Set New Price Targets

RCL has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Mizuho upped their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Barclays upped their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $146.13.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.