Geneos Wealth Management Inc. Lowers Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Geneos Wealth Management Inc. decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,231 shares of the company’s stock after selling 1,047 shares during the period. Geneos Wealth Management Inc.’s holdings in Royal Caribbean Cruises were worth $3,975,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in shares of Royal Caribbean Cruises by 93.4% in the second quarter. Public Sector Pension Investment Board now owns 8,127 shares of the company’s stock worth $1,296,000 after buying an additional 3,925 shares in the last quarter. MBB Public Markets I LLC raised its holdings in Royal Caribbean Cruises by 423.8% in the 2nd quarter. MBB Public Markets I LLC now owns 17,112 shares of the company’s stock worth $2,728,000 after acquiring an additional 13,845 shares during the last quarter. NewEdge Advisors LLC lifted its position in Royal Caribbean Cruises by 144.4% in the 2nd quarter. NewEdge Advisors LLC now owns 14,115 shares of the company’s stock valued at $2,250,000 after acquiring an additional 8,340 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 2nd quarter valued at $260,000. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $1,595,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Citigroup raised their target price on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $249.81.

Royal Caribbean Cruises Stock Down 2.3 %

RCL stock opened at $232.59 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70. The stock has a market cap of $62.54 billion, a P/E ratio of 23.90, a PEG ratio of 0.50 and a beta of 2.59. The business’s 50-day moving average price is $237.76 and its 200-day moving average price is $198.49. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.85 earnings per share. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.95%. Royal Caribbean Cruises’s dividend payout ratio is presently 22.61%.

Insider Activity

In other news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock worth $94,299,521 over the last ninety days. Corporate insiders own 7.95% of the company’s stock.

About Royal Caribbean Cruises

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.