Fulton Bank N.A. Sells 136 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fulton Bank N.A. lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,476 shares of the company’s stock after selling 136 shares during the quarter. Fulton Bank N.A.’s holdings in Royal Caribbean Cruises were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RCL. BKM Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $33,000. Finally, West Branch Capital LLC raised its holdings in shares of Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.6 %

NYSE RCL opened at $151.12 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $157.58. The stock has a market cap of $38.89 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.45 and a beta of 2.56. The stock’s fifty day moving average price is $144.24 and its 200-day moving average price is $132.29.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company earned ($0.23) earnings per share. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,884 shares of company stock valued at $22,052,985. 7.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RCL shares. Bank of America upped their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Argus increased their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. UBS Group increased their price objective on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Mizuho increased their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.07.

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.