Marion Wealth Management Makes New Investment in Royal Caribbean Cruises Ltd. $RCL

Marion Wealth Management acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 929 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the 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 transaction, the director directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the 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 owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RCL. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Wall Street Zen cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.86.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $277.85 on Tuesday. The firm has a market cap of $75.77 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company’s 50-day moving average price is $324.33 and its two-hundred day moving average price is $298.48.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the business earned $5.20 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

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.