Venturi Wealth Management LLC Acquires 61 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Venturi Wealth Management LLC increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353 shares of the company’s stock after acquiring an additional 61 shares during the quarter. Venturi Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $63,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its holdings in shares of Royal Caribbean Cruises by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after purchasing an additional 7,298 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after acquiring an additional 5,655 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth approximately $611,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Royal Caribbean Cruises by 8.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock worth $6,310,000 after acquiring an additional 2,640 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Royal Caribbean Cruises by 0.5% in the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of several research reports. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Bank of America upped their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Mizuho raised their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Stock Down 0.7 %

Shares of NYSE RCL opened at $231.49 on Friday. The company has a market cap of $62.24 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 0.62 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 Ltd. has a 12 month low of $101.04 and a 12 month high of $238.10. The stock has a 50-day moving average price of $192.17 and a two-hundred day moving average price of $167.30.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.85 EPS. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This represents a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,796 shares of company stock valued at $7,170,759 in the last 90 days. 7.95% of the stock is owned by corporate insiders.

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.