Bartlett & CO. Wealth Management LLC Purchases 50 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bartlett & CO. Wealth Management LLC grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 457 shares of the company’s stock after acquiring an additional 50 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC increased its position in shares of Royal Caribbean Cruises by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after purchasing an additional 50 shares during the last quarter. FSM Wealth Advisors LLC increased its position in shares of Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after purchasing an additional 51 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Royal Caribbean Cruises by 2.5% during the 4th quarter. Brooklyn Investment Group now owns 2,117 shares of the company’s stock valued at $488,000 after purchasing an additional 52 shares during the last quarter. Grove Bank & Trust increased its position in shares of Royal Caribbean Cruises by 10.5% during the 4th quarter. Grove Bank & Trust now owns 613 shares of the company’s stock valued at $141,000 after purchasing an additional 58 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its position in shares of Royal Caribbean Cruises by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 550 shares of the company’s stock valued at $127,000 after purchasing an additional 59 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RCL. Tigress Financial raised their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Mizuho restated an “outperform” rating and set a $253.00 price target (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday. Finally, Barclays raised their price target on Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.81.

Insider Activity

In other Royal Caribbean Cruises news, 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 completion of the transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $33,150,685.17. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 in the last quarter. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Down 2.3 %

RCL opened at $232.59 on Friday. The stock has a market cap of $62.54 billion, a PE ratio of 23.90, a PEG ratio of 0.50 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The business has a 50 day moving average of $237.74 and a 200-day moving average of $198.00. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

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

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.