1 North Wealth Services LLC Makes New $31,000 Investment in Royal Caribbean Cruises Ltd. $RCL

1 North Wealth Services LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, Holdings Channel reports. The fund purchased 100 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently bought and sold shares of the business. CX Institutional raised its position in Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after buying an additional 34 shares during the last quarter. Tritonpoint Wealth LLC raised its position in Royal Caribbean Cruises by 0.8% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock worth $1,422,000 after buying an additional 38 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Royal Caribbean Cruises by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock worth $1,197,000 after buying an additional 39 shares during the last quarter. Fulton Bank N.A. raised its position in Royal Caribbean Cruises by 0.8% during the 2nd quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock worth $1,573,000 after buying an additional 41 shares during the last quarter. Finally, Okabena Investment Services Inc. raised its position in Royal Caribbean Cruises by 0.9% during the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company’s stock worth $1,026,000 after buying an additional 44 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 transaction of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s 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 sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 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 corporate insiders.

Analysts Set New Price Targets

RCL has been the subject of a number of recent research reports. UBS Group raised their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Sanford C. Bernstein lifted their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, August 21st. One research 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $314.56 on Wednesday. The firm has a market cap of $85.44 billion, a PE ratio of 23.58, a PEG ratio of 0.89 and a beta of 2.08. The firm has a fifty day moving average of $330.46 and a 200 day moving average of $283.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. 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 issued its quarterly earnings results 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 during 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 firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

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

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.