Tempus Wealth Planning LLC Sells 150 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tempus Wealth Planning LLC lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,079 shares of the company’s stock after selling 150 shares during the period. Tempus Wealth Planning LLC’s holdings in Royal Caribbean Cruises were worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RCL. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth about $26,000. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter valued at approximately $27,000. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $30,000. Versant Capital Management Inc raised its position in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In other news, CFO Naftali Holtz acquired 5,350 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on RCL. Tigress Financial boosted their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Royal Caribbean Cruises Stock Performance

NYSE:RCL traded up $5.19 during mid-day trading on Friday, hitting $163.08. The stock had a trading volume of 1,794,756 shares, compared to its average volume of 2,574,614. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $173.37. The company’s 50 day simple moving average is $157.52 and its 200 day simple moving average is $143.10. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market cap of $41.97 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.44 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company posted $1.82 EPS. Royal Caribbean Cruises’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

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

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.