Good Life Advisors LLC Sells 312 Shares of Royal Caribbean Cruises Ltd. $RCL

Good Life Advisors LLC reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,295 shares of the company’s stock after selling 312 shares during the quarter. Good Life Advisors LLC’s holdings in Royal Caribbean Cruises were worth $719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 2.1% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Royal Caribbean Cruises by 6.6% in the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after buying an additional 415,230 shares during the period. Bank of New York Mellon Corp boosted its position in Royal Caribbean Cruises by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock valued at $945,150,000 after acquiring an additional 27,220 shares in the last quarter. Nuveen LLC purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $358,614,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Royal Caribbean Cruises by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock worth $273,786,000 after acquiring an additional 59,743 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RCL has been the topic of several research reports. Truist Financial dropped their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. Mizuho dropped 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 report on Monday, October 20th. TD Cowen initiated 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 for the company. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus cut their price objective on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $324.64.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $255.43 on Friday. The firm has a market cap of $69.66 billion, a P/E ratio of 17.18, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company has a 50 day moving average of $308.26 and a 200 day moving average of $300.29.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the company earned $5.20 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 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 firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. This is a positive change 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 yield of 1.6%. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises 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 completion of the sale, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.95% of the stock is currently owned by corporate insiders.

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.