Quadrant Private Wealth Management LLC Grows Position in Royal Caribbean Cruises Ltd. $RCL

Quadrant Private Wealth Management LLC raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 312.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,550 shares of the company’s stock after purchasing an additional 4,203 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $1,742,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $487,000. Sterling Capital Management LLC boosted its holdings in Royal Caribbean Cruises by 66.0% in the second quarter. Sterling Capital Management LLC now owns 35,233 shares of the company’s stock valued at $11,033,000 after acquiring an additional 14,003 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the second quarter valued at $222,000. Pekin Hardy Strauss Inc. purchased a new stake in Royal Caribbean Cruises during the second quarter valued at about $239,000. Finally, Savant Capital LLC grew its position in Royal Caribbean Cruises by 3.7% during the second quarter. Savant Capital LLC now owns 6,413 shares of the company’s stock valued at $2,008,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.0%

NYSE RCL opened at $256.12 on Friday. 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 fifty-two week low of $164.01 and a fifty-two week high of $366.50. The business has a 50 day moving average price of $315.95 and a two-hundred day moving average price of $298.79. The stock has a market cap of $69.85 billion, a PE ratio of 17.22, a P/E/G ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. As a group, sell-side 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. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on RCL shares. Tigress Financial raised their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Barclays decreased their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Susquehanna set a $350.00 price objective on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.86.

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.