Venturi Wealth Management LLC Buys 61 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Venturi Wealth Management LLC grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 353 shares of the company’s stock after purchasing an additional 61 shares during the quarter. Venturi Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $63,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC raised its stake in Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock worth $51,349,000 after buying an additional 7,298 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after acquiring an additional 5,655 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $611,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Royal Caribbean Cruises by 8.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock valued at $6,310,000 after purchasing an additional 2,640 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after purchasing an additional 132,079 shares during the period. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,796 shares of company stock worth $7,170,759. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $231.49 on Friday. Royal Caribbean Cruises Ltd. has a 52-week low of $101.04 and a 52-week high of $238.10. The business’s fifty day moving average is $192.17 and its 200 day moving average is $167.30. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market cap of $62.24 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 0.62 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday. Mizuho increased their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Macquarie boosted their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.