Securian Asset Management Inc. Sells 83 Shares of Royal Caribbean Cruises Ltd. $RCL

Securian Asset Management Inc. cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,033 shares of the company’s stock after selling 83 shares during the quarter. Securian Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $4,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Frazier Financial Advisors LLC lifted its position in Royal Caribbean Cruises by 27.1% during the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. CX Institutional lifted its position in Royal Caribbean Cruises by 1.4% during the second quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after purchasing an additional 34 shares during the last quarter. Tritonpoint Wealth LLC lifted its position in Royal Caribbean Cruises by 0.8% during the second quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after purchasing an additional 38 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Royal Caribbean Cruises by 1.0% during the second quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after purchasing an additional 39 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in Royal Caribbean Cruises by 0.8% during the second quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock valued at $1,573,000 after purchasing an additional 41 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RCL shares. Susquehanna reiterated a “positive” rating and set a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Barclays lifted their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Citigroup lifted their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.14.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction 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 sale, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 over the last three months. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Up 4.7%

Shares of NYSE RCL opened at $317.22 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The firm’s fifty day moving average is $329.26 and its 200 day moving average is $290.29. The company has a market cap of $86.17 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 0.85 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 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 company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm earned $3.21 earnings per share. The firm’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. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

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.