Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Lessened by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,735 shares of the company’s stock after selling 19,350 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $12,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Creekmur Asset Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $33,000. Finally, West Branch Capital LLC raised its holdings in shares of Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RCL. Wells Fargo & Company increased their target price on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Barclays increased their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $141.71.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders sold 71,697 shares of company stock valued at $9,749,357 in the last quarter. Company insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $0.83 during midday trading on Friday, reaching $138.21. The company had a trading volume of 2,091,140 shares, compared to its average volume of 3,018,203. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.45 and a beta of 2.49. The stock has a fifty day simple moving average of $132.31 and a 200 day simple moving average of $119.25. Royal Caribbean Cruises Ltd. has a 1-year low of $70.58 and a 1-year high of $143.62.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned ($0.23) EPS. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.13 earnings per share for the current year.

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.