2,460 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 2,460 shares of Royal Caribbean Cruises Ltd., valued at approximately $505,000, indicating ongoing institutional interest in the company.
• Royal Caribbean reported an impressive quarterly earnings increase with $4.38 EPS, surpassing estimates, and a revenue of $4.54 billion, showing a 10.4% growth year-over-year.
• Analysts have raised their price targets for Royal Caribbean Cruises, with Barclays increasing it to $358 and Citigroup to $399, reflecting strong market confidence.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,460 shares of the company's stock, valued at approximately $505,000.

Several other hedge funds also recently modified their holdings of RCL. Okabena Investment Services Inc. lifted its holdings in shares of Royal Caribbean Cruises by 0.9% in the first quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company's stock valued at $1,026,000 after buying an additional 44 shares during the period. CWM LLC raised its position in Royal Caribbean Cruises by 0.4% in the first quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after acquiring an additional 45 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Royal Caribbean Cruises by 3.4% in the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock valued at $278,000 after acquiring an additional 45 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Royal Caribbean Cruises by 1.5% during the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock valued at $628,000 after purchasing an additional 46 shares in the last quarter. Finally, Accredited Investors Inc. boosted its position in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock valued at $458,000 after purchasing an additional 46 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on RCL shares. Barclays boosted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Citigroup upped their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. UBS Group raised their price objective 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. Jefferies Financial Group lifted their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Finally, Wall Street Zen downgraded Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $327.14.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $341.68 on Thursday. The company has a market capitalization of $92.81 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 0.97 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a fifty-two week low of $156.01 and a fifty-two week high of $366.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The business's 50-day moving average is $336.68 and its 200-day moving average is $269.46.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the company posted $3.21 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. 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 fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.2%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 22.49%.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares of the company's stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 in the last three months. Corporate insiders own 6.95% of the company's stock.

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.

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