Cwm LLC Lowers Stock Position in Royal Caribbean Cruises Ltd. $RCL

Cwm LLC lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,556 shares of the company’s stock after selling 260 shares during the quarter. Cwm LLC’s holdings in Royal Caribbean Cruises were worth $3,932,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RCL. Vanguard Personalized Indexing Management LLC lifted its position in shares of Royal Caribbean Cruises by 12.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,766 shares of the company’s stock worth $12,453,000 after purchasing an additional 4,558 shares in the last quarter. Oak Ridge Investments LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $843,000. U S Global Investors Inc. lifted its position in shares of Royal Caribbean Cruises by 34.2% during the second quarter. U S Global Investors Inc. now owns 7,855 shares of the company’s stock worth $2,460,000 after purchasing an additional 2,000 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $32,000. Finally, Aberdeen Group plc lifted its position in shares of Royal Caribbean Cruises by 6.3% during the second quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock worth $42,802,000 after purchasing an additional 8,121 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 3.9%

Shares of NYSE:RCL opened at $299.10 on Friday. The firm’s 50 day moving average price is $329.19 and its 200 day moving average price is $287.35. The stock has a market cap of $81.24 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week 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.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results 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. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter last year, the company earned $3.21 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. 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, equities research analysts predict 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 disclosed 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. The ex-dividend date of this dividend was Thursday, September 25th. 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 yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, 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 transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company’s stock, 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 firm’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 transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price target on the stock. Finally, UBS Group raised their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. One 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, the company presently has an average rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises 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.