Sims Investment Management LLC Has $490,000 Position in Royal Caribbean Cruises Ltd. $RCL

Sims Investment Management LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,566 shares of the company’s stock after purchasing an additional 66 shares during the quarter. Sims Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $490,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RCL. Brighton Jones LLC raised its stake in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC raised its stake in Royal Caribbean Cruises by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after purchasing an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Royal Caribbean Cruises by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company’s stock valued at $3,624,000 after purchasing an additional 554 shares during the period. Exchange Traded Concepts LLC raised its stake in Royal Caribbean Cruises by 480.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,413 shares of the company’s stock valued at $496,000 after purchasing an additional 1,997 shares during the period. Finally, CWA Asset Management Group LLC raised its stake in Royal Caribbean Cruises by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 3,521 shares of the company’s stock valued at $723,000 after purchasing an additional 225 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Up 0.7%

Shares of NYSE:RCL opened at $300.49 on Friday. The stock has a market capitalization of $81.62 billion, a PE ratio of 22.53, a P/E/G ratio of 0.84 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 firm has a fifty day moving average price of $329.18 and a 200 day moving average price of $288.52. 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 (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. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior 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 expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction 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 approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction on 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 completion of the sale, the chief accounting officer owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RCL shares. TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. Jefferies Financial Group upped 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. Citigroup upped their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Barclays upped their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $326.95.

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.