Prosperity Financial Group Inc. Has $2.17 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Prosperity Financial Group Inc. boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,936 shares of the company’s stock after purchasing an additional 32 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Royal Caribbean Cruises were worth $2,172,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $358,614,000. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after purchasing an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after buying an additional 535,043 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Royal Caribbean Cruises by 179.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock valued at $132,550,000 after buying an additional 414,100 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Royal Caribbean Cruises by 112.9% during the first quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock valued at $116,396,000 after buying an additional 300,232 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 0.3%

Royal Caribbean Cruises stock opened at $317.71 on Thursday. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The company’s fifty day moving average price is $329.34 and its two-hundred day moving average price is $290.48. 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 capitalization of $86.30 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 0.89 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly 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. The company had revenue of $4.54 billion during 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%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.3%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Analysts Set New Price Targets

Several research firms have weighed in on RCL. UBS Group lifted their target price on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Jefferies Financial Group upped their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, July 7th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. 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. Finally, Tigress Financial increased their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $332.14.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 over the last 90 days. 6.95% of the stock is currently owned by company insiders.

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.