Institute for Wealth Management LLC. Sells 52 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Institute for Wealth Management LLC. trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,006 shares of the company’s stock after selling 52 shares during the period. Institute for Wealth Management LLC.’s holdings in Royal Caribbean Cruises were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of Royal Caribbean Cruises by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company’s stock valued at $1,530,000 after buying an additional 1,111 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock valued at $5,142,000 after buying an additional 12,530 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock worth $51,349,000 after purchasing an additional 7,298 shares in the last quarter. Souders Financial Advisors acquired a new stake in Royal Caribbean Cruises in the 3rd quarter worth approximately $800,000. Finally, Merit Financial Group LLC boosted its stake in Royal Caribbean Cruises by 541.0% in the 4th quarter. Merit Financial Group LLC now owns 9,897 shares of the company’s stock worth $2,283,000 after purchasing an additional 8,353 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $266.48 on Friday. The company has a 50 day moving average price of $239.86 and a 200-day moving average price of $201.20. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The firm has a market cap of $71.65 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 0.55 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the previous year, the company posted $1.25 EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 15 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RCL. Argus lifted their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho reiterated an “outperform” rating and issued a $253.00 target price (down from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Barclays lifted their target price on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America raised their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $274.19.

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.