Moran Wealth Management LLC Has $405,000 Holdings in Royal Caribbean Cruises Ltd. $RCL

Moran Wealth Management LLC lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 31.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,293 shares of the company’s stock after buying an additional 311 shares during the period. Moran Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $405,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Truist Financial decreased their price objective 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. TD Cowen assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective for the company. Barclays increased their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. 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 report on Wednesday, July 30th. Finally, UBS Group increased their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $299.10 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The business has a 50-day moving average price of $329.19 and a two-hundred day moving average price of $287.35. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The company has a market cap of $81.24 billion, a P/E ratio of 22.42, a PEG ratio of 0.87 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share 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 firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business posted $3.21 EPS. The business’s revenue 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. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS 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 given a dividend of $1.00 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend 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 payout ratio is currently 29.99%.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction 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 represents a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following 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 in the last 90 days. 6.95% of the stock is currently owned by corporate insiders.

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.