Mezzasalma Advisors LLC Acquires 167 Shares of Royal Caribbean Cruises Ltd. $RCL

Mezzasalma Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,321 shares of the company’s stock after acquiring an additional 167 shares during the quarter. Royal Caribbean Cruises makes up about 2.4% of Mezzasalma Advisors LLC’s portfolio, making the stock its 12th biggest holding. Mezzasalma Advisors LLC’s holdings in Royal Caribbean Cruises were worth $7,929,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RCL. Frazier Financial Advisors LLC lifted its holdings in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. CX Institutional raised its position 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 valued at $759,000 after purchasing an additional 34 shares during the period. Tritonpoint Wealth LLC lifted its stake in shares of Royal Caribbean Cruises by 0.8% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock worth $1,422,000 after buying an additional 38 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock worth $1,197,000 after buying an additional 39 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of Royal Caribbean Cruises by 0.8% during the 2nd quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock worth $1,573,000 after buying an additional 41 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction that occurred on 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 sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $300.49 on Friday. The firm has a market cap of $81.62 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 0.84 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The stock’s fifty day moving average price is $329.18 and its two-hundred day moving average price is $288.52. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released 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 firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the company posted $3.21 EPS. The company’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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. 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. Royal Caribbean Cruises’s payout ratio is 29.99%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RCL shares. TD Cowen began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price target on the stock. Barclays upped their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Finally, Tigress Financial upped their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company 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 given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.95.

About Royal Caribbean Cruises

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.