1,667 Shares in Royal Caribbean Cruises Ltd. $RCL Bought by WESPAC Advisors LLC

Key Points

• WESPAC Advisors LLC acquired 1,667 shares of Royal Caribbean Cruises Ltd. for approximately $522,000 in the 2nd quarter, reflecting growing interest from institutional investors in the company.
• Royal Caribbean recently increased its quarterly dividend from $0.75 to $1.00 per share, indicating a positive outlook as the firm continues to enhance shareholder returns.
• Analyst ratings are mostly favorable, with several firms setting target prices between $326.95 and $405.00, indicating continued confidence in Royal Caribbean's growth potential.

WESPAC Advisors LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,667 shares of the company's stock, valued at approximately $522,000.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Brighton Jones LLC boosted its position in shares of Royal Caribbean Cruises by 12.2% during the 4th 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. UMB Bank n.a. boosted its position in shares of Royal Caribbean Cruises by 2.5% during the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock worth $438,000 after acquiring an additional 52 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 31.7% during the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company's stock worth $748,000 after acquiring an additional 866 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Royal Caribbean Cruises by 2.6% during the 1st quarter. Yousif Capital Management LLC now owns 33,195 shares of the company's stock worth $6,820,000 after acquiring an additional 840 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at about $1,743,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,507 shares of company stock worth $10,091,282. Corporate insiders own 6.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on RCL. TD Cowen began coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective for the company. Citigroup increased their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein increased their target price on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group increased their target price on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Truist Financial lowered their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a report on Friday, September 19th. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Royal Caribbean Cruises Price Performance

RCL stock opened at $314.56 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $85.44 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 0.89 and a beta of 2.08. The stock's fifty day simple moving average is $330.46 and its 200-day simple moving average is $283.46. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion for 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 business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $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 research analysts expect 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 will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be given a dividend of $1.00 per share. 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.

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.

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