U.S. Capital Wealth Advisors LLC Sells 1,648 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 33.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $30,000. Versant Capital Management Inc increased its holdings in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $33,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth approximately $42,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.1 %

Shares of NYSE RCL traded down $0.15 during midday trading on Friday, reaching $155.75. 3,638,709 shares of the stock were exchanged, compared to its average volume of 2,616,681. The business has a 50-day simple moving average of $156.62 and a two-hundred day simple moving average of $140.50. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 0.39 and a beta of 2.62. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $173.37. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion for 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%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is 20.62%.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the sale, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael W. Bayley sold 49,155 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now directly owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the sale, the chief executive officer now directly owns 98,850 shares in the company, valued at $13,859,758.50. The disclosure for this sale can be found here. Insiders have sold a total of 92,940 shares of company stock valued at $13,667,094 over the last three months. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RCL shares. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Truist Financial raised their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Barclays raised their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. Three investment 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 $182.13.

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.