LMG Wealth Partners LLC Has $703,000 Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

LMG Wealth Partners LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,244 shares of the company’s stock after purchasing an additional 272 shares during the quarter. LMG Wealth Partners LLC’s holdings in Royal Caribbean Cruises were worth $703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $32,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $25,000. 87.53% of the stock is currently owned by 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 transaction of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises 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 transaction, the director owned 150,291 shares of the company’s stock, 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. Insiders have sold 31,507 shares of company stock valued at $10,091,282 over the last ninety days. 6.95% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RCL shares. Bank of America boosted their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial cut their target price on 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. UBS Group upped their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein increased their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.95.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $300.49 on Monday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 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. The firm has a market capitalization of $81.62 billion, a P/E ratio of 22.53, a PEG ratio of 0.84 and a beta of 2.08. The business has a fifty day moving average price of $329.18 and a 200-day moving average price of $289.22.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (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 company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the business posted $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 forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current 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 paid a $1.00 dividend. 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. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is 29.99%.

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.