Apollon Wealth Management LLC Has $1.64 Million Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Apollon Wealth Management LLC trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.0% during the second quarter, HoldingsChannel.com reports. The firm owned 5,245 shares of the company’s stock after selling 333 shares during the period. Apollon Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $1,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CX Institutional lifted its stake in shares of Royal Caribbean Cruises by 1.4% in the second quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after acquiring an additional 34 shares during the period. Tritonpoint Wealth LLC lifted its stake in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock worth $1,422,000 after acquiring an additional 38 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock worth $1,197,000 after acquiring an additional 39 shares during the period. Fulton Bank N.A. lifted its stake in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock worth $1,573,000 after acquiring an additional 41 shares during the period. Finally, Ignite Planners LLC lifted its stake in shares of Royal Caribbean Cruises by 2.7% in the second quarter. Ignite Planners LLC now owns 1,614 shares of the company’s stock worth $505,000 after acquiring an additional 43 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. TD Cowen assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective on the stock. Barclays lifted their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Sanford C. Bernstein lifted their target price on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Tigress Financial lifted their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.95.

Royal Caribbean Cruises Trading Up 0.4%

NYSE RCL opened at $305.83 on Tuesday. The company has a market cap of $83.07 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 0.86 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The business has a 50 day moving average price of $329.41 and a 200-day moving average price of $286.35. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.3%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

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.