Royal Caribbean Cruises Ltd. $RCL Stock: Kestra Private Wealth Services LLC Trims Holdings

Kestra Private Wealth Services LLC reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 29.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,293 shares of the company’s stock after selling 2,588 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Royal Caribbean Cruises were worth $1,673,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RCL. Bell Investment Advisors Inc acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $29,000. NBH Bank acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $29,000. Cape Investment Advisory Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $30,000. Ancora Advisors LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Royal Caribbean Cruises during the first quarter valued at approximately $27,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Trading Down 3.1%

RCL opened at $322.91 on Friday. The company’s 50 day moving average is $274.39 and its 200-day moving average is $287.59. Royal Caribbean Cruises Ltd. has a 1-year low of $222.22 and a 1-year high of $356.39. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. The company has a market cap of $86.37 billion, a P/E ratio of 19.12, a PEG ratio of 1.16 and a beta of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.38 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.61 billion. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.75 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a $1.50 dividend. The ex-dividend date was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 35.52%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Montiel sold 400 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $307.21, for a total transaction of $122,884.00. Following the sale, the director owned 13,202 shares of the company’s stock, valued at approximately $4,055,786.42. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on RCL. Citigroup upped their target price on Royal Caribbean Cruises from $362.00 to $364.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. BNP Paribas Exane lifted their price target on Royal Caribbean Cruises from $357.00 to $392.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Freedom Broker upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and lifted their price target for the company from $351.00 to $379.00 in a research note on Wednesday, October 28th. Jefferies Financial Group set a $350.00 price target on Royal Caribbean Cruises and gave the stock a “buy” rating in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $345.00 to $394.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $355.62.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.