Precision Wealth Strategies LLC Has $548,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Precision Wealth Strategies LLC decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,087 shares of the company’s stock after selling 62 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Royal Caribbean Cruises were worth $548,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC lifted its holdings in Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after buying an additional 62 shares during the period. Ignite Planners LLC lifted its stake in shares of Royal Caribbean Cruises by 4.3% in the 3rd quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock valued at $329,000 after purchasing an additional 77 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Royal Caribbean Cruises by 1.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock worth $1,291,000 after purchasing an additional 81 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 purchasing an additional 82 shares during the period. 87.53% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Naftali Holtz acquired 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RCL shares. Mizuho raised their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group raised their price objective on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $189.06.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $199.93 on Tuesday. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $204.37. The company’s fifty day simple moving average is $172.75 and its 200-day simple moving average is $157.37. The firm has a market cap of $51.45 billion, a PE ratio of 21.80, a P/E/G ratio of 0.57 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 17.45%.

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.