Tempus Wealth Planning LLC Has $749,000 Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tempus Wealth Planning LLC trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,644 shares of the company's stock after selling 1,060 shares during the period. Tempus Wealth Planning LLC's holdings in Royal Caribbean Cruises were worth $749,000 at the end of the most recent reporting period.

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

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

RCL has been the topic of several analyst reports. Loop Capital restated a "buy" rating and issued a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Susquehanna decreased their price objective on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group cut their target price 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. TD Cowen began coverage on shares of Royal Caribbean Cruises in a report on Tuesday. They set a "buy" rating and a $405.00 price target on the stock. Finally, Jefferies Financial Group raised their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average target price of $311.05.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $3.17 during trading on Friday, reaching $352.53. The company had a trading volume of 1,652,227 shares, compared to its average volume of 2,516,955. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $355.91. The stock has a market cap of $95.73 billion, a PE ratio of 29.28, a PEG ratio of 0.98 and a beta of 2.17. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The business's 50 day moving average price is $294.04 and its 200-day moving average price is $250.27.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend 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.