Royal Caribbean Cruises Ltd. $RCL Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,024 shares of the company’s stock after selling 101 shares during the period. GLOBALT Investments LLC GA’s holdings in Royal Caribbean Cruises were worth $1,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. grew its stake in Royal Caribbean Cruises by 7.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 180,556 shares of the company’s stock worth $56,539,000 after purchasing an additional 12,475 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in Royal Caribbean Cruises by 9.4% during the 2nd quarter. FSM Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $542,000 after buying an additional 142 shares during the last quarter. Prosperity Financial Group Inc. lifted its holdings in Royal Caribbean Cruises by 0.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after buying an additional 32 shares during the last quarter. Ethic Inc. lifted its holdings in Royal Caribbean Cruises by 14.9% during the 2nd quarter. Ethic Inc. now owns 13,273 shares of the company’s stock worth $4,108,000 after buying an additional 1,721 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in Royal Caribbean Cruises by 24.3% during the 2nd quarter. Brookstone Capital Management now owns 3,681 shares of the company’s stock worth $1,153,000 after buying an additional 719 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 0.1%

Shares of NYSE RCL opened at $316.59 on Friday. The stock has a market cap of $85.99 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.95 and a beta of 2.08. 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 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 $329.49 and a 200 day moving average price of $292.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Equities research 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. Shareholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. 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 a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. TD Cowen assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price target for the company. Susquehanna reaffirmed a “positive” rating and set a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Jefferies Financial Group lifted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, Barclays lifted their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $332.14.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last ninety days. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises 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.