Edgestream Partners L.P. Sells 7,032 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Edgestream Partners L.P. lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.5% during the second quarter, Holdings Channel reports. The firm owned 33,136 shares of the company’s stock after selling 7,032 shares during the period. Edgestream Partners L.P.’s holdings in Royal Caribbean Cruises were worth $5,283,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blair William & Co. IL lifted its holdings in shares of Royal Caribbean Cruises by 37.4% in the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares in the last quarter. Keystone Financial Group bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $209,000. Franklin Resources Inc. lifted its holdings in Royal Caribbean Cruises by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock worth $21,577,000 after acquiring an additional 17,815 shares during the period. QRG Capital Management Inc. lifted its holdings in Royal Caribbean Cruises by 17.2% during the second 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 period. Finally, Virtu Financial LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth $765,000. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $168.35 on Wednesday. The stock has a market cap of $43.32 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.40. 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 fifty day moving average of $160.02 and a 200-day moving average of $148.58.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared 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. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Analyst Ratings Changes

A number of brokerages recently commented on RCL. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday. Barclays lifted their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Citigroup lifted their price target on Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Morgan Stanley lifted their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Finally, Mizuho lifted their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.31.

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.