1248 Management LLC Lowers Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• 1248 Management LLC significantly reduced its stake in Royal Caribbean Cruises Ltd. by 96.8%, holding only 183 shares after selling 5,576 shares in the first quarter.
• The company reported $4.38 EPS for the last quarter, exceeding analysts' expectations of $4.04, along with a 10.4% increase in quarterly revenue compared to the same period last year.
• Royal Caribbean has increased its quarterly dividend from $0.75 to $1.00, providing an annualized yield of 1.2% for shareholders.

1248 Management LLC lessened its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 96.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 183 shares of the company's stock after selling 5,576 shares during the quarter. 1248 Management LLC's holdings in Royal Caribbean Cruises were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RCL. Financial Gravity Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $26,000. Optimum Investment Advisors purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $31,000. Fourth Dimension Wealth LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $35,000. Finally, SouthState Corp purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Down 3.7%

Royal Caribbean Cruises stock opened at $337.20 on Friday. The firm has a market cap of $91.59 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 0.98 and a beta of 2.12. The stock has a fifty day simple moving average of $337.06 and a two-hundred day simple moving average of $270.92. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is 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 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on 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 completion of the sale, the director directly owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. Corporate insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RCL. Truist Financial set a $337.00 target price on Royal Caribbean Cruises in a research note on Wednesday, July 30th. Barclays lifted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Citigroup lifted their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Bank of America lifted their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $327.14.

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.

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