2,588 Royal Caribbean Cruises Ltd. $RCL Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,293 shares of the company’s stock after selling 2,588 shares during the period. Kestra Private Wealth Services LLC’s holdings in Royal Caribbean Cruises were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Investment Management Inc. bought a new position in shares of Royal Caribbean Cruises during the third quarter worth about $11,740,000. Third View Private Wealth LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at approximately $219,000. Provenance Wealth Advisors LLC lifted its stake in Royal Caribbean Cruises by 20,527.3% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,269 shares of the company’s stock valued at $603,000 after acquiring an additional 2,258 shares in the last quarter. Lyell Wealth Management LP lifted its stake in Royal Caribbean Cruises by 16.4% in the 3rd quarter. Lyell Wealth Management LP now owns 2,235 shares of the company’s stock valued at $594,000 after acquiring an additional 315 shares in the last quarter. Finally, Integrity Alliance LLC. lifted its stake in Royal Caribbean Cruises by 94.3% in the 3rd quarter. Integrity Alliance LLC. now owns 3,683 shares of the company’s stock valued at $979,000 after acquiring an additional 1,787 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $370.00 price target on shares of Royal Caribbean Cruises in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $345.00 to $394.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. UBS Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, September 23rd. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, July 28th. Finally, Susquehanna increased their target price on shares of Royal Caribbean Cruises from $355.00 to $360.00 and gave the stock a “positive” rating in a report on Wednesday, October 28th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.62.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Montiel sold 400 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $307.21, for a total transaction of $122,884.00. Following the completion of the sale, the director owned 13,202 shares of the company’s stock, valued at $4,055,786.42. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.44% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $322.91 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.69. The stock’s 50 day moving average price is $274.39 and its two-hundred day moving average price is $287.59. The firm has a market capitalization of $86.37 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.16 and a beta of 1.88. Royal Caribbean Cruises Ltd. has a 12-month low of $222.22 and a 12-month high of $356.39.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.38 by $0.19. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same period last year, the firm posted $5.75 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio is 35.52%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.