U.S. Capital Wealth Advisors LLC Trims Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

U.S. Capital Wealth Advisors LLC lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 33.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,340 shares of the company’s stock after selling 1,648 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in Royal Caribbean Cruises by 6.3% in the 4th quarter. Allworth Financial LP now owns 2,311 shares of the company’s stock worth $299,000 after buying an additional 137 shares during the period. Prime Capital Investment Advisors LLC increased its stake in Royal Caribbean Cruises by 59.0% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 3,818 shares of the company’s stock worth $494,000 after buying an additional 1,416 shares during the period. Stratos Wealth Partners LTD. increased its stake in Royal Caribbean Cruises by 42.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,210 shares of the company’s stock worth $545,000 after buying an additional 1,259 shares during the period. International Assets Investment Management LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth about $25,487,000. Finally, HBK Sorce Advisory LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth about $274,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.1 %

Shares of NYSE:RCL traded down $0.15 during trading on Friday, reaching $155.75. The stock had a trading volume of 3,638,709 shares, compared to its average volume of 2,616,681. The firm’s 50-day simple moving average is $156.62 and its 200 day simple moving average is $140.50. The company has a market capitalization of $40.08 billion, a P/E ratio of 20.09, a PEG ratio of 0.39 and a beta of 2.62. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.37.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business earned $1.82 EPS. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling

In related news, CFO Naftali Holtz bought 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Insiders sold 92,940 shares of company stock worth $13,667,094 in the last three months. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Argus raised their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group raised their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Bank of America raised their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Macquarie raised their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $182.13.

Royal Caribbean Cruises Company 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.