Bartlett & CO. Wealth Management LLC Has $106,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bartlett & CO. Wealth Management LLC raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457 shares of the company’s stock after purchasing an additional 50 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $106,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the last quarter. LRI Investments LLC acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $40,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Bank of America lifted their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Citigroup lifted their target price on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.81.

Royal Caribbean Cruises Trading Down 2.3 %

Shares of Royal Caribbean Cruises stock opened at $232.59 on Friday. The stock has a fifty day simple moving average of $237.74 and a 200 day simple moving average of $198.00. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The company has a market capitalization of $62.54 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 0.50 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion during 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 revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 EPS. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. Royal Caribbean Cruises’s dividend payout ratio is presently 22.61%.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % 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 90 days. Insiders own 7.95% of the company’s stock.

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.