Western Financial Corp CA Cuts Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Western Financial Corp CA lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,890 shares of the company’s stock after selling 346 shares during the quarter. Royal Caribbean Cruises accounts for approximately 0.9% of Western Financial Corp CA’s portfolio, making the stock its 29th biggest position. Western Financial Corp CA’s holdings in Royal Caribbean Cruises were worth $1,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RCL. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $31,000. Finally, ORG Wealth Partners LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at $40,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RCL shares. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective for the company. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.19.

Royal Caribbean Cruises Stock Down 3.0 %

Royal Caribbean Cruises stock opened at $266.48 on Friday. The stock has a 50 day moving average of $240.36 and a two-hundred day moving average of $201.89. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $277.08. The stock has a market capitalization of $71.65 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 0.55 and a beta of 2.59. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter in the prior year, the firm earned $1.25 earnings per share. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 20.58%.

Insider Transactions at Royal Caribbean Cruises

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,609 shares of company stock worth $87,647,208 over the last ninety days. 7.95% of the stock is currently owned by company insiders.

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.