Moloney Securities Asset Management LLC Buys Shares of 930 Royal Caribbean Cruises Ltd. $RCL

Moloney Securities Asset Management LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 930 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors have also made changes to their positions in RCL. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on RCL shares. Susquehanna restated a “positive” rating and issued a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Saturday. Finally, Bank of America increased their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $332.14.

Royal Caribbean Cruises Stock Down 0.1%

Shares of Royal Caribbean Cruises stock opened at $316.59 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month 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. The stock has a 50 day moving average price of $329.49 and a two-hundred day moving average price of $293.16. The stock has a market capitalization of $85.99 billion, a P/E ratio of 23.73, a PEG ratio of 0.95 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 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 company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities analysts expect 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 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 dividend on an annualized basis and a yield of 1.3%. This is a positive change 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 currently 29.99%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 16,000 shares of the firm’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 sale, 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 disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 over the last ninety days. Company 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.