Concurrent Investment Advisors LLC Trims Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Concurrent Investment Advisors LLC trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 22.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,063 shares of the company’s stock after selling 1,718 shares during the period. Concurrent Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $1,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after acquiring an additional 535,043 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Royal Caribbean Cruises in the first quarter worth $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Royal Caribbean Cruises by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock worth $273,786,000 after acquiring an additional 59,743 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Royal Caribbean Cruises by 14.9% in the first quarter. National Pension Service now owns 992,579 shares of the company’s stock worth $203,915,000 after acquiring an additional 128,530 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RCL has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Citigroup increased their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Jefferies Financial Group increased their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Finally, Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.95.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 16,407 shares in the company, 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. Insiders have sold 31,507 shares of company stock valued at $10,091,282 over the last quarter. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Up 2.3%

RCL stock opened at $313.40 on Wednesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The business’s 50-day moving average is $329.45 and its two-hundred day moving average is $286.54. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a market cap of $85.13 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 0.86 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. Royal Caribbean Cruises’s revenue was up 10.4% on a year-over-year basis. 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, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

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