SOA Wealth Advisors LLC. Buys 104 Shares of Royal Caribbean Cruises Ltd. $RCL

SOA Wealth Advisors LLC. increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 31.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430 shares of the company’s stock after acquiring an additional 104 shares during the period. SOA Wealth Advisors LLC.’s holdings in Royal Caribbean Cruises were worth $135,000 as of its most recent SEC filing.

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

Royal Caribbean Cruises Stock Up 1.3%

Shares of NYSE RCL opened at $320.10 on Friday. 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 $86.95 billion, a P/E ratio of 24.00, a PEG ratio of 0.89 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a 50-day simple moving average of $332.33 and a two-hundred day simple moving average of $280.84.

Royal Caribbean Cruises (NYSE:RCL) last announced 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 the consensus estimate of $4.54 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. 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 anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared 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 is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 completion of the sale, the director owned 150,291 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RCL shares. Sanford C. Bernstein upped their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Jefferies Financial Group raised their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Tigress Financial increased their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Citigroup raised their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research 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 given a Hold rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Royal Caribbean Cruises Company 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.