Forum Financial Management LP Sells 203 Shares of Royal Caribbean Cruises Ltd. $RCL

Forum Financial Management LP lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,852 shares of the company’s stock after selling 203 shares during the period. Forum Financial Management LP’s holdings in Royal Caribbean Cruises were worth $893,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Frazier Financial Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. CX Institutional lifted its stake in Royal Caribbean Cruises by 1.4% in the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after acquiring an additional 34 shares in the last quarter. Tritonpoint Wealth LLC lifted its stake in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after acquiring an additional 38 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Royal Caribbean Cruises by 1.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after acquiring an additional 39 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock valued at $1,573,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.4%

NYSE:RCL opened at $316.67 on Friday. The firm has a market capitalization of $86.02 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 0.89 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The stock’s 50 day moving average price is $329.43 and its two-hundred day moving average price is $291.43. 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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. The firm 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 business’s quarterly revenue was up 10.4% on a year-over-year basis. 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. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors 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 dividend yield of 1.3%. The ex-dividend date of this dividend was 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RCL shares. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Tigress Financial boosted their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Mizuho cut their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday. Wall Street Zen upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Barclays boosted their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. One equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.14.

Insider Buying and Selling

In related 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by insiders.

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.