Okabena Investment Services Inc. Grows Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Okabena Investment Services Inc. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,996 shares of the company’s stock after acquiring an additional 44 shares during the period. Okabena Investment Services Inc.’s holdings in Royal Caribbean Cruises were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Royal Caribbean Cruises by 50.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,961 shares of the company’s stock worth $452,000 after purchasing an additional 660 shares during the period. The Manufacturers Life Insurance Company grew its position in Royal Caribbean Cruises by 2.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 145,848 shares of the company’s stock valued at $33,646,000 after buying an additional 3,835 shares during the last quarter. Northern Trust Corp grew its position in Royal Caribbean Cruises by 15.6% in the 4th quarter. Northern Trust Corp now owns 2,364,794 shares of the company’s stock valued at $545,534,000 after buying an additional 319,264 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in Royal Caribbean Cruises by 4.7% in the 4th quarter. Lido Advisors LLC now owns 3,390 shares of the company’s stock valued at $784,000 after buying an additional 153 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays raised their target price 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. Citigroup raised their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Bank of America lifted their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Loop Capital reissued a “buy” rating and set a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, Truist Financial set a $337.00 price target on Royal Caribbean Cruises in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $327.14.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last ninety days. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.6%

NYSE:RCL opened at $359.52 on Thursday. Royal Caribbean Cruises Ltd. has a 52-week low of $154.08 and a 52-week high of $360.72. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The stock has a fifty day simple moving average of $324.43 and a 200-day simple moving average of $262.64. The company has a market capitalization of $97.66 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 0.99 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.21 EPS. 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 fiscal year.

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.