Principal Financial Group Inc. Sells 83,394 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Principal Financial Group Inc. lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 22.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 283,287 shares of the company's stock after selling 83,394 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of Royal Caribbean Cruises worth $50,244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCL. Hanseatic Management Services Inc. lifted its position in Royal Caribbean Cruises by 23.4% during the third quarter. Hanseatic Management Services Inc. now owns 491 shares of the company's stock valued at $87,000 after buying an additional 93 shares in the last quarter. Catalina Capital Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 11.4% during the 3rd quarter. Catalina Capital Group LLC now owns 1,449 shares of the company's stock valued at $257,000 after acquiring an additional 148 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its position in Royal Caribbean Cruises by 12.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,872 shares of the company's stock worth $332,000 after purchasing an additional 200 shares during the period. FSM Wealth Advisors LLC increased its holdings in Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company's stock valued at $290,000 after purchasing an additional 51 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Royal Caribbean Cruises by 7.7% in the 3rd quarter. QRG Capital Management Inc. now owns 41,569 shares of the company's stock valued at $7,373,000 after purchasing an additional 2,956 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 4.2 %

Shares of RCL traded up $9.55 during trading hours on Monday, reaching $234.82. The company's stock had a trading volume of 1,964,657 shares, compared to its average volume of 2,387,810. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The firm has a market cap of $63.14 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 0.59 and a beta of 2.59. The company has a 50 day moving average of $186.20 and a two-hundred day moving average of $165.00. Royal Caribbean Cruises Ltd. has a 1-year low of $93.80 and a 1-year high of $234.96.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for 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 business's revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.85 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company's stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company's stock, valued at $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock worth $8,090,059 in the last 90 days. 7.95% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on RCL. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Mizuho boosted 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 report on Friday, July 26th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a "buy" rating in a 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.com, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus price target of $218.00.

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.