Royal Caribbean Cruises Ltd. $RCL Stake Lowered by Interchange Capital Partners LLC

Interchange Capital Partners LLC reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 36.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 738 shares of the company’s stock after selling 418 shares during the period. Interchange Capital Partners LLC’s holdings in Royal Caribbean Cruises were worth $231,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Generali Asset Management SPA SGR boosted its holdings in Royal Caribbean Cruises by 124.4% in the second quarter. Generali Asset Management SPA SGR now owns 18,758 shares of the company’s stock worth $5,874,000 after purchasing an additional 10,400 shares in the last quarter. Lunt Capital Management Inc. raised its position in shares of Royal Caribbean Cruises by 48.0% during the second quarter. Lunt Capital Management Inc. now owns 7,310 shares of the company’s stock valued at $2,289,000 after buying an additional 2,372 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $287,000. Sterling Financial Planning Inc. acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $282,000. Finally, Harbour Investments Inc. raised its position in shares of Royal Caribbean Cruises by 6.4% during the second quarter. Harbour Investments Inc. now owns 954 shares of the company’s stock valued at $299,000 after buying an additional 57 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. This represents 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 worth $10,091,282 in the last ninety days. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on RCL shares. Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. UBS Group upped their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. 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. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $326.95.

Royal Caribbean Cruises Stock Up 2.3%

Shares of RCL stock opened at $313.40 on Wednesday. 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’s fifty day moving average price is $329.45 and its two-hundred day moving average price is $286.54. The firm has a market capitalization of $85.13 billion, a P/E ratio of 23.49, a PEG ratio of 0.86 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business earned $3.21 EPS. The company’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. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS 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. Stockholders 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 annualized dividend and a dividend yield of 1.3%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 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.