Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Pitti Group Wealth Management LLC

Pitti Group Wealth Management LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,396 shares of the company’s stock after selling 558 shares during the period. Pitti Group Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at about $26,000. ST Germain D J Co. Inc. boosted its holdings in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth about $33,000. Hanseatic Management Services Inc. acquired a new position in shares of Royal Caribbean Cruises in the third quarter worth about $36,000. Finally, West Branch Capital LLC boosted its holdings in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 2.3 %

Royal Caribbean Cruises stock traded up $3.12 during mid-day trading on Friday, hitting $140.59. 2,759,875 shares of the company’s stock were exchanged, compared to its average volume of 2,933,396. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The stock has a market cap of $36.09 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 1-year low of $59.38 and a 1-year high of $141.70. The stock has a 50 day moving average of $130.20 and a two-hundred day moving average of $117.67.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RCL. Barclays raised their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Mizuho raised their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Friday. UBS Group raised their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Wells Fargo & Company raised their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.76.

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.