Brass Tax Wealth Management Inc. Has $445,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Brass Tax Wealth Management Inc. cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 23.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,510 shares of the company’s stock after selling 780 shares during the quarter. Brass Tax Wealth Management Inc.’s holdings in Royal Caribbean Cruises were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. lifted its holdings in Royal Caribbean Cruises by 3.8% during the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after purchasing an additional 58,159 shares during the last quarter. Swiss National Bank lifted its holdings in Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after purchasing an additional 3,800 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after purchasing an additional 13,520 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Royal Caribbean Cruises by 0.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after purchasing an additional 1,865 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The sale 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 that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock valued at $94,299,521 in the last ninety days. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Up 0.0 %

RCL traded up $0.08 during midday trading on Friday, hitting $244.23. 316,390 shares of the company were exchanged, compared to its average volume of 2,319,385. The firm has a market capitalization of $65.67 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70. The firm’s 50 day moving average price is $221.05 and its 200-day moving average price is $181.23. 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 announced its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.85 EPS. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is 16.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays raised their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Truist Financial raised their price objective on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Bank of America raised their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Tigress Financial raised their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $237.13.

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.