Bridges Investment Management Inc. Has $660,000 Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Bridges Investment Management Inc. raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,109 shares of the company’s stock after buying an additional 394 shares during the quarter. Bridges Investment Management Inc.’s holdings in Royal Caribbean Cruises were worth $660,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $32,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth $25,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $299.10 on Friday. The stock’s 50-day simple moving average is $329.19 and its 200 day simple moving average is $287.35. The firm has a market capitalization of $81.24 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08. 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 Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. The business 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%.Royal Caribbean Cruises’s revenue was up 10.4% compared to the same quarter last year. During the same period 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. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RCL. TD Cowen began coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Sanford C. Bernstein increased their target price on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Susquehanna reissued a “positive” rating and set a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by 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.