764 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 764 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors have also added to or reduced their stakes in RCL. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after purchasing an additional 602,447 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Royal Caribbean Cruises by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock valued at $945,150,000 after buying an additional 27,220 shares in the last quarter. Nuveen LLC acquired a new stake in Royal Caribbean Cruises in the first quarter valued at about $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Royal Caribbean Cruises by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock valued at $273,786,000 after acquiring an additional 59,743 shares during the last quarter. Finally, National Pension Service raised its stake in Royal Caribbean Cruises by 14.9% during the first quarter. National Pension Service now owns 992,579 shares of the company’s stock worth $203,915,000 after acquiring an additional 128,530 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RCL shares. TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price target on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. JPMorgan Chase & Co. cut their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Mizuho decreased their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Finally, Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research 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, the company has an average rating of “Moderate Buy” and a consensus price target of $326.86.

Insider Activity

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $256.12 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a 50 day simple moving average of $315.95 and a two-hundred day simple moving average of $299.48. The company has a market capitalization of $69.85 billion, a PE ratio of 17.22, a P/E/G ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last issued 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 firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the company earned $5.20 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

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.