Premier Path Wealth Partners LLC Boosts Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Premier Path Wealth Partners LLC raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,448 shares of the company’s stock after acquiring an additional 38 shares during the period. Premier Path Wealth Partners LLC’s holdings in Royal Caribbean Cruises were worth $767,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RCL. Nuveen LLC purchased a new stake in Royal Caribbean Cruises during the first quarter valued at about $358,614,000. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after buying an additional 602,447 shares during the period. Bank of New York Mellon Corp boosted its position in Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock valued at $614,487,000 after buying an additional 535,043 shares during the period. Bessemer Group Inc. boosted its position in Royal Caribbean Cruises by 7,971.4% during the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after buying an additional 533,529 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Royal Caribbean Cruises by 179.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock valued at $132,550,000 after acquiring an additional 414,100 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director owned 150,291 shares of the company’s stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RCL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday. Barclays lowered their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup lowered their price objective on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Mizuho lowered their price objective on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $325.29.

Royal Caribbean Cruises Price Performance

RCL stock opened at $284.69 on Friday. 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 $77.33 billion, a P/E ratio of 19.15, a PEG ratio of 0.84 and a beta of 2.08. The firm has a 50-day moving average of $326.81 and a 200 day moving average of $295.75. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the firm earned $5.20 earnings per share. Royal Caribbean Cruises’s revenue was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced 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. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is 29.99%.

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.