IFP Advisors Inc Grows Position in Royal Caribbean Cruises Ltd. $RCL

IFP Advisors Inc grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.2% during the second quarter, Holdings Channel.com reports. The fund owned 3,662 shares of the company’s stock after purchasing an additional 310 shares during the quarter. IFP Advisors Inc’s holdings in Royal Caribbean Cruises were worth $1,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RCL. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $31,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $25,000. Finally, Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $26,000. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In related news, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the 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 completion of the sale, the director owned 16,407 shares in the company, 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 ninety days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on RCL shares. TD Cowen assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price target on the stock. Jefferies Financial Group lifted their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. Bank of America increased their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial lowered their price objective 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. Finally, Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Stock Down 0.8%

Royal Caribbean Cruises stock opened at $304.66 on Monday. The firm has a 50 day simple moving average of $329.61 and a 200 day simple moving average of $285.66. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The firm has a market capitalization of $82.75 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.86 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. 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 predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

About Royal Caribbean Cruises

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.