Foundations Investment Advisors LLC Has $976,000 Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Foundations Investment Advisors LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,118 shares of the company’s stock after purchasing an additional 424 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $976,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RCL. Nuveen LLC bought a new position in Royal Caribbean Cruises during the first quarter worth about $358,614,000. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after purchasing an additional 602,447 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 7,971.4% during the 2nd quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after purchasing an additional 533,529 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Royal Caribbean Cruises by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after purchasing an additional 415,230 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its holdings in Royal Caribbean Cruises by 179.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after buying an additional 414,100 shares during the period. Institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of several research analyst reports. Bank of America upped their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Tigress Financial increased their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Finally, UBS Group reduced their price objective on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $324.64.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 2.4%

Royal Caribbean Cruises stock opened at $246.92 on Tuesday. The company has a market cap of $67.34 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.84 and a beta of 2.04. The firm has a 50-day moving average of $304.18 and a 200-day moving average of $301.92. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. 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 released its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.Royal Caribbean Cruises’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

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.