Private Trust Co. NA Sells 868 Shares of Royal Caribbean Cruises Ltd. $RCL

Private Trust Co. NA decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 72.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322 shares of the company’s stock after selling 868 shares during the period. Private Trust Co. NA’s holdings in Royal Caribbean Cruises were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in Royal Caribbean Cruises during the first quarter worth $25,000. Hughes Financial Services LLC acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Optimum Investment Advisors bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the second quarter valued at about $31,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $317.71 on Thursday. The stock has a market cap of $86.30 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 0.89 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company’s fifty day moving average is $329.34 and its 200 day moving average is $290.48. 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 announced its earnings results 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 return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company earned $3.21 EPS. Royal Caribbean Cruises’s revenue for the quarter 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. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RCL. Sanford C. Bernstein increased their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Truist Financial lowered their price objective on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research report on Friday, September 19th. Mizuho dropped their price objective on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group boosted 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, Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $332.14.

Insider Activity at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction on 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 sale, the director directly owned 16,407 shares of the company’s stock, 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 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 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 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. Insiders have sold 31,507 shares of company stock worth $10,091,282 over the last ninety days. Insiders own 6.95% of the company’s stock.

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.