Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,735 shares of the company’s stock after selling 19,350 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $12,752,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RCL. BKM Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Creekmur Asset Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $33,000. Finally, West Branch Capital LLC increased its stake in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Mizuho increased their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Morgan Stanley increased their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.71.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders sold 71,697 shares of company stock valued at $9,749,357 over the last quarter. Corporate insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded up $0.83 during trading hours on Friday, hitting $138.21. 2,091,140 shares of the company’s stock were exchanged, compared to its average volume of 3,018,203. Royal Caribbean Cruises Ltd. has a 52 week low of $70.58 and a 52 week high of $143.62. The stock’s 50-day moving average is $132.31 and its 200-day moving average is $119.25. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The stock has a market cap of $35.57 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.45 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) EPS. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.13 EPS for the current year.

About Royal Caribbean Cruises

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.