Royal Caribbean Cruises Ltd. $RCL Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437 shares of the company’s stock after buying an additional 140 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $450,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. OLD National Bancorp IN acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $465,000. Wealthcare Advisory Partners LLC lifted its holdings in Royal Caribbean Cruises by 6.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 10,579 shares of the company’s stock valued at $3,313,000 after purchasing an additional 613 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $259,000. Diligent Investors LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $204,000. Finally, AMF Tjanstepension AB purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $24,717,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In related news, 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 value of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the transaction, the director 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. Over the last three months, insiders have sold 31,507 shares of company stock worth $10,091,282. Insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RCL shares. Sanford C. Bernstein boosted their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. 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 report on Wednesday, July 30th. Jefferies Financial Group lifted their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. Finally, Citigroup upped their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Stock Down 1.8%

NYSE RCL opened at $314.39 on Friday. The business’s fifty day simple moving average is $331.57 and its 200-day simple moving average is $282.06. 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 firm has a market cap of $85.40 billion, a PE ratio of 23.57, a P/E/G ratio of 0.88 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50.

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 firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the business earned $3.21 earnings per share. Royal Caribbean Cruises’s 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. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be given 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 boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio 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.