Lbp Am Sa purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,319 shares of the company's stock, valued at approximately $2,918,000.
A number of other hedge funds have also bought and sold shares of RCL. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the first quarter worth about $25,000. Hughes Financial Services LLC acquired a new position in Royal Caribbean Cruises in the first quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the second quarter worth about $27,000. Optimum Investment Advisors acquired a new position in Royal Caribbean Cruises in the first quarter valued at approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the second quarter valued at approximately $31,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 16,407 shares in the company, 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. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 over the last quarter. Corporate insiders own 6.95% of the company's stock.
Wall Street Analysts Forecast Growth
RCL has been the subject of a number of research reports. Bank of America lifted their target price 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. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Susquehanna restated a "positive" rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One research analyst has 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 currently has an average rating of "Moderate Buy" and a consensus price target of $326.95.
View Our Latest Stock Analysis on RCL
Royal Caribbean Cruises Stock Performance
RCL opened at $320.10 on Friday. The business's 50 day moving average is $332.33 and its 200-day moving average is $280.84. The stock has a market cap of $86.95 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 0.89 and a beta of 2.08. 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 Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.
Royal Caribbean Cruises Increases Dividend
The company also recently announced 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. 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 annualized dividend and a yield of 1.2%. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.
Royal Caribbean Cruises Profile
(
Free Report)
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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