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Crossmark Global Holdings Inc. Decreases Stock Position in Royal Caribbean Cruises Ltd. $RCL
Crossmark Global Holdings Inc. significantly reduced its stake in Royal Caribbean Cruises Ltd. by 63% in the fourth quarter, selling over 24,000 shares. This institutional selling comes despite Royal Caribbean reporting better-than-expected earnings of $3.60 per share and announcing a quarterly dividend of $1.50 per share. Analysts maintain a “Moderate Buy” consensus rating for RCL with an average price target of $351.42.