Royal Caribbean Cruises Ltd. $RCL Shares Sold by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,486 shares of the company’s stock after selling 230 shares during the period. Royal Caribbean Cruises comprises approximately 1.3% of WealthTrust Asset Management LLC’s portfolio, making the stock its 16th largest position. WealthTrust Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $1,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the second quarter valued at $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $32,000. Finally, SouthState Corp purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth about $39,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises 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 transaction, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated 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 transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RCL shares. Barclays lowered their target price on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lowered their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Mizuho reduced their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, Truist Financial cut their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $324.64.

Royal Caribbean Cruises Trading Down 1.2%

NYSE RCL opened at $252.61 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The company’s 50 day moving average price is $306.26 and its 200 day moving average price is $300.54. The firm has a market capitalization of $68.89 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.84 and a beta of 2.04. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping the consensus estimate of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given 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 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 dividend payout ratio 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.