Cyndeo Wealth Partners LLC Purchases New Holdings in Royal Caribbean Cruises Ltd. $RCL

Cyndeo Wealth Partners LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 697 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RCL. Brighton Jones LLC lifted its stake in Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Royal Caribbean Cruises by 31.7% in the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company’s stock worth $748,000 after purchasing an additional 866 shares in the last quarter. GAMMA Investing LLC lifted its stake in Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock worth $1,411,000 after purchasing an additional 528 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Royal Caribbean Cruises by 1,246.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 83,144 shares of the company’s stock worth $17,081,000 after purchasing an additional 76,967 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Royal Caribbean Cruises by 24.0% in the 1st quarter. Simon Quick Advisors LLC now owns 2,287 shares of the company’s stock worth $470,000 after purchasing an additional 442 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday. Sanford C. Bernstein raised their price target on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction dated 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 directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. 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 the stock in a transaction dated 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 transaction, the director directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Down 0.8%

Royal Caribbean Cruises stock opened at $304.66 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. 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 market capitalization of $82.75 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08. The firm has a 50 day moving average price of $329.61 and a 200 day moving average price of $285.19.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the company earned $3.21 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be paid a $1.00 dividend. This is a boost 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 1.3%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 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.