Steward Partners Investment Advisory LLC Buys 489 Shares of Royal Caribbean Cruises Ltd. $RCL

Steward Partners Investment Advisory LLC lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.4% during the second quarter, HoldingsChannel reports. The firm owned 5,172 shares of the company’s stock after acquiring an additional 489 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Royal Caribbean Cruises were worth $1,620,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after acquiring an additional 143 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth about $493,000. Arkadios Wealth Advisors raised its holdings in shares of Royal Caribbean Cruises by 22.8% in the 1st quarter. Arkadios Wealth Advisors now owns 2,452 shares of the company’s stock valued at $504,000 after purchasing an additional 455 shares during the period. IFG Advisory LLC acquired a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $421,000. Finally, PNC Financial Services Group Inc. grew its holdings in Royal Caribbean Cruises by 334.4% during the first quarter. PNC Financial Services Group Inc. now owns 293,600 shares of the company’s stock worth $60,317,000 after purchasing an additional 226,010 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RCL. Stifel Nicolaus cut their price objective on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the company a “positive” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price objective 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 reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Finally, Barclays decreased 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 note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $326.82.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $265.96 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. The stock has a market capitalization of $72.53 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a 50-day simple moving average of $290.99 and a two-hundred day simple moving average of $303.13.

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 firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the business posted $5.20 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business 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 of this dividend was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.5%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.95% of the company’s stock.

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.