Omnia Family Wealth LLC Purchases New Shares in Royal Caribbean Cruises Ltd. $RCL

Omnia Family Wealth LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 659 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $25,000. Hughes Financial Services LLC bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $31,000. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company’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 sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director 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. In the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. Insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RCL. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Truist Financial lowered their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Tigress Financial boosted their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Sanford C. Bernstein boosted their price target 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, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. One investment 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.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $311.25 on Thursday. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The business has a 50-day simple moving average of $329.40 and a two-hundred day simple moving average of $286.71. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The stock has a market cap of $84.54 billion, a PE ratio of 23.33, a PEG ratio of 0.88 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Analysts anticipate 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. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio is presently 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.