Oak Ridge Investments LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Oak Ridge Investments LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,693 shares of the company’s stock, valued at approximately $843,000.

Several other hedge funds have also modified their holdings of RCL. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $27,000. Optimum Investment Advisors acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $31,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $304.66 on Monday. The stock’s 50-day moving average is $329.61 and its two-hundred day moving average is $285.66. The firm has a market cap of $82.75 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.86 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

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 the consensus estimate of $4.04 by $0.34. The company 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued a dividend of $1.00 per share. 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 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction dated 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 approximately $46,743,506.82. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RCL. Citigroup raised their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. UBS Group raised their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein raised their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

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.