New Wave Wealth Advisors LLC Reduces Holdings in Royal Caribbean Cruises Ltd. $RCL

New Wave Wealth Advisors LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,068 shares of the company’s stock after selling 221 shares during the period. New Wave Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $961,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Revisor Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $1,525,000. Brown Miller Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $266,000. Florida Financial Advisors LLC boosted its position in Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock valued at $402,000 after buying an additional 914 shares during the last quarter. Roberts Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $572,000. Finally, Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after buying an additional 602,447 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the 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 approximately $2,578,432.22. This represents a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the 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 completion of the transaction, the director directly owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Down 2.2%

Shares of RCL stock opened at $316.38 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company has a market cap of $85.94 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.91 and a beta of 2.09. The stock has a 50 day simple moving average of $332.92 and a 200-day simple moving average of $280.14. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $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 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RCL shares. Sanford C. Bernstein boosted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Jefferies Financial Group boosted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a report on Monday, July 7th. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Citigroup boosted their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

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.