UMB Bank n.a. Has $268,000 Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

UMB Bank n.a. raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,683 shares of the company’s stock after buying an additional 91 shares during the quarter. UMB Bank n.a.’s holdings in Royal Caribbean Cruises were worth $268,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its position in Royal Caribbean Cruises by 38.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock worth $47,000 after buying an additional 82 shares in the last quarter. Kowal Investment Group LLC grew its holdings in shares of Royal Caribbean Cruises by 4.0% during the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares in the last quarter. Pitcairn Co. increased its position in shares of Royal Caribbean Cruises by 3.8% during the first quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock valued at $330,000 after purchasing an additional 88 shares during the period. Midwest Financial Group LLC raised its stake in shares of Royal Caribbean Cruises by 5.6% in the second quarter. Midwest Financial Group LLC now owns 1,875 shares of the company’s stock valued at $299,000 after purchasing an additional 100 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in Royal Caribbean Cruises by 11.3% in the second quarter. Harbour Investments Inc. now owns 1,046 shares of the company’s stock worth $167,000 after purchasing an additional 106 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on RCL. StockNews.com lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Wednesday. Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. The Goldman Sachs Group lifted their price objective on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. UBS Group upped their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Tigress Financial raised their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Royal Caribbean Cruises Stock Down 1.3 %

RCL stock traded down $2.22 during trading on Friday, reaching $164.62. The stock had a trading volume of 2,565,753 shares, compared to its average volume of 2,547,157. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.37. The company’s 50 day moving average is $158.77 and its two-hundred day moving average is $144.24. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $42.36 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 0.44 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $1.82 earnings per share. Royal Caribbean Cruises’s revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is currently 20.62%.

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 sale, the director now directly owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a filing with the SEC, which is available through this link. In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 19,584 shares of the firm’s 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 sale, the director now directly owns 179,117 shares in the company, valued at approximately $27,576,853.32. The disclosure for this sale can be found here. Insiders sold a total of 28,457 shares of company stock valued at $4,452,898 over the last quarter. 7.95% of the stock is owned by corporate insiders.

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.