Geneos Wealth Management Inc. Decreases Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Geneos Wealth Management Inc. lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,231 shares of the company’s stock after selling 1,047 shares during the period. Geneos Wealth Management Inc.’s holdings in Royal Caribbean Cruises were worth $3,975,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RCL. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC purchased a new stake in Royal Caribbean Cruises in the third quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. LRI Investments LLC purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $31,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $40,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 2.3 %

Shares of NYSE:RCL opened at $232.59 on Friday. The stock’s 50-day moving average is $237.76 and its 200 day moving average is $198.49. The company has a market cap of $62.54 billion, a PE ratio of 23.90, a P/E/G ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.85 earnings per share. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.95%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 22.61%.

Analyst Ratings Changes

A number of brokerages have weighed in on RCL. Citigroup increased their target price on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Tigress Financial lifted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $249.81.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The shares were 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 directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently 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.