Blair William & Co. IL Has $14.83 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Blair William & Co. IL lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,207 shares of the company's stock after selling 4,023 shares during the quarter. Blair William & Co. IL's holdings in Royal Caribbean Cruises were worth $14,834,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Heritage Trust Co raised its stake in Royal Caribbean Cruises by 33.9% during the 1st quarter. Heritage Trust Co now owns 5,623 shares of the company's stock worth $1,155,000 after buying an additional 1,424 shares during the period. Manchester Capital Management LLC raised its stake in Royal Caribbean Cruises by 8.2% during the 1st quarter. Manchester Capital Management LLC now owns 2,016 shares of the company's stock worth $414,000 after buying an additional 152 shares during the period. Banco Santander S.A. raised its stake in Royal Caribbean Cruises by 9.6% during the 1st quarter. Banco Santander S.A. now owns 2,075 shares of the company's stock worth $426,000 after buying an additional 181 shares during the period. PNC Financial Services Group Inc. raised its stake in Royal Caribbean Cruises by 334.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 293,600 shares of the company's stock worth $60,317,000 after buying an additional 226,010 shares during the period. Finally, IFG Advisory LLC acquired a new stake in Royal Caribbean Cruises during the 1st quarter worth $421,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 0.4%

Royal Caribbean Cruises stock opened at $315.61 on Tuesday. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $355.91. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The stock has a market capitalization of $85.73 billion, a P/E ratio of 23.66, a PEG ratio of 0.88 and a beta of 2.22. The stock has a 50-day simple moving average of $304.14 and a 200 day simple moving average of $254.61.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $3.21 earnings per share. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the sale, the director directly owned 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of research reports. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Barclays increased their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Finally, Northcoast Research initiated coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They set a "buy" rating and a $279.00 target price for the company. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.