Atria Wealth Solutions Inc. Trims Stock Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Royal Caribbean Cruises Ltd. by 55.6%, holding 3,463 shares worth approximately $1.1 million at the end of the last reporting period.
• Royal Caribbean Cruises recently increased its quarterly dividend to $1.00 per share, resulting in an annual yield of 1.3%, up from the previous quarterly dividend of $0.75.
• Analysts have raised their target prices for Royal Caribbean Cruises stock, with Barclays setting a new target at $358.00 and Tigress Financial raising theirs to $415.00, indicating positive sentiment for the company's future performance.

Atria Wealth Solutions Inc. reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 55.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,463 shares of the company's stock after selling 4,341 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Royal Caribbean Cruises were worth $1,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RCL. Financial Gravity Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at $25,000. Hughes Financial Services LLC purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Royal Caribbean Cruises during the 2nd quarter valued at $31,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 0.7%

Shares of NYSE RCL opened at $300.49 on Friday. The firm's 50 day moving average price is $329.18 and its 200-day moving average price is $287.99. The company has a market cap of $81.62 billion, a PE ratio of 22.53, a P/E/G ratio of 0.84 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

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 (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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, 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 business also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Susquehanna restated a "positive" rating and set a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction dated 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 transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. Company 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.

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