Tempus Wealth Planning LLC Reduces Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tempus Wealth Planning LLC decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,229 shares of the company’s stock after selling 390 shares during the period. Tempus Wealth Planning LLC’s holdings in Royal Caribbean Cruises were worth $727,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RCL. BKM Wealth Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $26,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $33,000. Finally, West Branch Capital LLC raised its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.8 %

NYSE RCL traded down $1.23 during trading on Thursday, hitting $155.38. 1,442,431 shares of the company’s stock traded hands, compared to its average volume of 1,792,929. The stock has a fifty day moving average of $148.65 and a two-hundred day moving average of $134.40. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $162.50. The firm has a market cap of $39.99 billion, a P/E ratio of 20.02, a PEG ratio of 0.47 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the business posted ($0.23) earnings per share. The company’s revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Insiders sold a total of 152,884 shares of company stock worth $22,052,985 over the last three months. Company insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RCL. Susquehanna upped their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Argus upped their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. UBS Group upped their price target on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Truist Financial upped their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.13.

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.