Quadrant Private Wealth Management LLC Decreases Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Quadrant Private Wealth Management LLC cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 86.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,347 shares of the company's stock after selling 8,632 shares during the period. Quadrant Private Wealth Management LLC's holdings in Royal Caribbean Cruises were worth $278,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in Royal Caribbean Cruises during the 1st quarter worth $25,000. Hughes Financial Services LLC bought a new position in Royal Caribbean Cruises during the 1st quarter worth about $26,000. Brown Brothers Harriman & Co. grew its holdings in shares of Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. Optimum Investment Advisors acquired a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $31,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $35,000. 87.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RCL shares. UBS Group set a $311.00 price target on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a research report on Tuesday, May 20th. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. BNP Paribas started coverage on shares of Royal Caribbean Cruises in a research report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Bank of America lifted their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus target price of $311.05.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated 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 transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Up 0.6%

RCL stock traded up $2.14 during midday trading on Friday, hitting $351.50. The stock had a trading volume of 1,212,317 shares, compared to its average volume of 2,552,602. The firm has a market cap of $95.45 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 1.04 and a beta of 2.17. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $355.91. The business has a fifty day moving average price of $292.10 and a two-hundred day moving average price of $249.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. Royal Caribbean Cruises's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 earnings per share. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.85%. Royal Caribbean Cruises's payout ratio is 24.92%.

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.