Sienna Gestion Buys 2,922 Shares of Royal Caribbean Cruises Ltd. $RCL

Sienna Gestion grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,342 shares of the company’s stock after purchasing an additional 2,922 shares during the quarter. Sienna Gestion’s holdings in Royal Caribbean Cruises were worth $9,246,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RCL. Financial Gravity Asset Management Inc. bought a new position in Royal Caribbean Cruises during the first quarter worth about $25,000. Hughes Financial Services LLC bought a new position in Royal Caribbean Cruises during the first quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the second quarter worth about $27,000. Optimum Investment Advisors bought a new position in Royal Caribbean Cruises during the first quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises during the second quarter worth about $31,000. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.2%

Shares of Royal Caribbean Cruises stock opened at $256.98 on Thursday. The company has a market capitalization of $70.08 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.84 and a beta of 2.08. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The firm’s 50-day moving average price is $320.34 and its two-hundred day moving average price is $298.64.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data 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 firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the company posted $5.20 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is 26.90%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RCL. Barclays lowered their price target on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Truist Financial lowered their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Bank of America raised their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna set a $350.00 price objective on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. One 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 stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $326.86.

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.