SilverOak Wealth Management LLC Lowers Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

SilverOak Wealth Management LLC cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,756 shares of the company’s stock after selling 195 shares during the period. SilverOak Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $280,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Versant Capital Management Inc lifted its position in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $26,000. AlphaMark Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.4 %

Shares of Royal Caribbean Cruises stock opened at $167.92 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The company has a fifty day simple moving average of $159.74 and a 200-day simple moving average of $147.59. The stock has a market cap of $43.21 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.46 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 20.62%.

Analysts Set New Price Targets

A number of research firms have issued reports on RCL. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Bank of America increased their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Truist Financial boosted their target price on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Barclays boosted their price objective on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.13.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Company 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.