Alpha Financial Partners LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Alpha Financial Partners LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 706 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors have also modified their holdings of RCL. Brighton Jones LLC lifted 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. Farther Finance Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 31.7% in the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company’s stock valued at $748,000 after purchasing an additional 866 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after purchasing an additional 528 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Royal Caribbean Cruises by 1,246.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 83,144 shares of the company’s stock valued at $17,081,000 after purchasing an additional 76,967 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 24.0% in the 1st quarter. Simon Quick Advisors LLC now owns 2,287 shares of the company’s stock valued at $470,000 after purchasing an additional 442 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, 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 transaction of $4,976,320.00. Following the transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction 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 transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 in the last ninety days. 6.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RCL. Tigress Financial raised their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Bank of America increased their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein increased their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. UBS Group increased their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $400.00 to $420.00 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 issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Royal Caribbean Cruises Trading Down 0.8%

RCL opened at $304.66 on Friday. The stock’s fifty day moving average is $329.61 and its two-hundred day moving average is $285.19. The company has a market capitalization of $82.75 billion, a P/E ratio of 22.84, a PEG ratio of 0.86 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. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion for 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%.Royal Caribbean Cruises’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business 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. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 29.99%.

Royal Caribbean Cruises 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.