Royal Caribbean Cruises Ltd. $RCL Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 61.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124 shares of the company’s stock after selling 200 shares during the period. HHM Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $39,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises in the second quarter worth approximately $31,000. 1 North Wealth Services LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth about $31,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $32,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $38,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 1.8%

Royal Caribbean Cruises stock opened at $256.06 on Thursday. The firm has a 50-day moving average of $300.59 and a 200-day moving average of $301.75. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The company has a market cap of $69.83 billion, a price-to-earnings 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 earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate 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 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 previous year, the company posted $5.20 EPS. The firm’s revenue for the quarter 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. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company 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 was Thursday, September 25th. 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 yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Insider Buying and Selling

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on RCL. Stifel Nicolaus cut their target price on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Citigroup dropped their target price on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Mizuho decreased their price objective 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, Barclays decreased their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $326.82.

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.