J.W. Cole Advisors Inc. Sells 260 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

J.W. Cole Advisors Inc. lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,388 shares of the company’s stock after selling 260 shares during the period. J.W. Cole Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $859,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RCL. Blair William & Co. IL grew its position in Royal Caribbean Cruises by 37.4% during the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock worth $14,197,000 after acquiring an additional 27,819 shares during the last quarter. Keystone Financial Group acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $209,000. Quadrant Capital Group LLC raised its holdings in Royal Caribbean Cruises by 19.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after buying an additional 285 shares during the last quarter. Franklin Resources Inc. boosted its position in Royal Caribbean Cruises by 12.0% during the 4th quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock worth $21,577,000 after buying an additional 17,815 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Royal Caribbean Cruises by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after acquiring an additional 5,655 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $169.78 on Tuesday. The firm has a market capitalization of $43.69 billion, a P/E ratio of 21.88, a P/E/G ratio of 0.47 and a beta of 2.61. The firm’s 50-day moving average price is $159.92 and its 200-day moving average price is $148.27. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $173.40.

Royal Caribbean Cruises (NYSE:RCL) last posted 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 business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th.

Analysts Set New Price Targets

A number of brokerages have recently commented on RCL. Argus lifted their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Macquarie upped their price target on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Truist Financial raised their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. The Goldman Sachs Group upped their target price on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Bank of America raised their price target on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $182.31.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by 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.