Brookstone Capital Management Buys 719 Shares of Royal Caribbean Cruises Ltd. $RCL

Brookstone Capital Management raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,681 shares of the company’s stock after acquiring an additional 719 shares during the period. Brookstone Capital Management’s holdings in Royal Caribbean Cruises were worth $1,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at about $1,199,000. D.A. Davidson & CO. grew its position in Royal Caribbean Cruises by 151.8% in the second quarter. D.A. Davidson & CO. now owns 5,913 shares of the company’s stock valued at $1,852,000 after acquiring an additional 3,565 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Royal Caribbean Cruises by 3.5% in the second quarter. Cullen Frost Bankers Inc. now owns 37,969 shares of the company’s stock valued at $11,890,000 after acquiring an additional 1,294 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Royal Caribbean Cruises by 16.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 57,884 shares of the company’s stock valued at $17,891,000 after acquiring an additional 8,235 shares during the last quarter. Finally, Drive Wealth Management LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at about $259,000. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 of the company’s stock, valued at approximately $5,414,966.28. The trade was a 38.57% 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 Richard D. Fain sold 16,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade 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 valued at $10,091,282. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $316.59 on Friday. The stock’s 50 day moving average is $329.49 and its 200 day moving average is $293.16. 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 firm has a market cap of $85.99 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.95 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping 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 return on equity of 47.15% and a net margin of 20.97%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.21 earnings per share. 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, research analysts expect 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%.

Analyst Upgrades and Downgrades

RCL has been the topic of several research reports. Barclays boosted their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Saturday. 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 report on Wednesday, July 30th. Truist Financial reduced their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a report on Friday, September 19th. Finally, Jefferies Financial Group boosted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $332.14.

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.