Ignite Planners LLC Increases Stake in Royal Caribbean Cruises Ltd. $RCL

Ignite Planners LLC grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,614 shares of the company’s stock after buying an additional 43 shares during the quarter. Ignite Planners LLC’s holdings in Royal Caribbean Cruises were worth $505,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. grew its stake in shares of Royal Caribbean Cruises by 2.5% during the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company’s stock worth $438,000 after purchasing an additional 52 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 31.7% during the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company’s stock worth $748,000 after purchasing an additional 866 shares during the period. Yousif Capital Management LLC grew its stake in shares of Royal Caribbean Cruises by 2.6% during the 1st quarter. Yousif Capital Management LLC now owns 33,195 shares of the company’s stock worth $6,820,000 after purchasing an additional 840 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $1,743,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RCL. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Barclays upped 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. Susquehanna reissued a “positive” rating and issued a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective on the stock. Finally, Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $308.23 on Thursday. The firm has a market cap of $83.72 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.88 and a beta of 2.08. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company’s 50-day moving average is $330.00 and its two-hundred day moving average is $283.63. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

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

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.