FSA Advisors Inc. Invests $215,000 in Royal Caribbean Cruises Ltd. $RCL

FSA Advisors Inc. bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 687 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $358,614,000. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after acquiring an additional 535,043 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Royal Caribbean Cruises by 7,971.4% in the 2nd quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock worth $169,165,000 after acquiring an additional 533,529 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Royal Caribbean Cruises by 179.2% in 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 acquiring an additional 414,100 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 sale, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Jefferies Financial Group increased their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. Susquehanna reiterated a “positive” rating and issued a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Finally, William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Stock Down 4.3%

NYSE:RCL opened at $280.31 on Thursday. The firm has a market cap of $76.14 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.88 and a beta of 2.08. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The firm has a 50-day simple moving average of $327.62 and a two-hundred day simple moving average of $295.83.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 29.99%.

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.