Atlatl Advisers LLC Purchases Shares of 4,892 Royal Caribbean Cruises Ltd. $RCL

Atlatl Advisers LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,892 shares of the company’s stock, valued at approximately $1,532,000.

A number of other large investors have also added to or reduced their stakes in RCL. Revisor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the first quarter worth about $1,525,000. Florida Financial Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock worth $402,000 after buying an additional 914 shares during the period. Roberts Capital Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the first quarter worth about $572,000. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after buying an additional 602,447 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Royal Caribbean Cruises by 7,890.2% in the first quarter. Cullen Frost Bankers Inc. now owns 36,675 shares of the company’s stock worth $7,535,000 after buying an additional 36,216 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.1%

NYSE RCL opened at $316.59 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The stock has a market capitalization of $85.99 billion, a PE ratio of 23.73, a PEG ratio of 0.95 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 business’s 50-day moving average is $329.49 and its 200 day moving average is $293.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results 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 analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $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. Sell-side analysts forecast 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 was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RCL. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Saturday. Truist Financial decreased their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a report on Friday, September 19th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. TD Cowen started coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 target price on the stock. Finally, Sanford C. Bernstein raised their target price 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 issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $332.14.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 sale, the chief accounting officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at approximately $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. In the last three months, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

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.