Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Reduced by Edmonds Duncan Registered Investment Advisors LLC

Edmonds Duncan Registered Investment Advisors LLC cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,307 shares of the company’s stock after selling 133 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RCL. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $33,000. Finally, West Branch Capital LLC grew its holdings in Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. 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. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL traded down $0.30 during midday trading on Tuesday, reaching $156.17. The company’s stock had a trading volume of 351,969 shares, compared to its average volume of 2,539,010. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $162.50. The company has a market capitalization of $40.19 billion, a P/E ratio of 20.16, a P/E/G ratio of 0.48 and a beta of 2.62. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The business’s fifty day simple moving average is $147.39 and its 200-day simple moving average is $133.76.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company posted ($0.23) earnings per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on RCL. Citigroup increased their price target on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Susquehanna increased their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Truist Financial increased their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Finally, Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.13.

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.