Avior Wealth Management LLC Acquires Shares of 918 Royal Caribbean Cruises Ltd. $RCL

Key Points

• Avior Wealth Management LLC acquired 918 shares of Royal Caribbean Cruises Ltd. for approximately $287,000 in the 2nd quarter, indicating strong institutional interest in the company.
• Recent analyst upgrades have increased price targets for Royal Caribbean, with Jefferies raising theirs from $235 to $315 and several others issuing buy ratings.
• Royal Caribbean has announced an increase in its quarterly dividend from $0.75 to $1.00 per share, reflecting positive financial performance and expectations.

Avior Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 918 shares of the company's stock, valued at approximately $287,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $25,000. Hughes Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $27,000. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises during the first quarter valued at approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Royal Caribbean Cruises during the second quarter valued at approximately $31,000. Institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a report on Monday, July 7th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Susquehanna reaffirmed a "positive" rating and issued a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Loop Capital reaffirmed a "buy" rating and issued a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 over the last three months. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $323.46 on Wednesday. The firm has a market capitalization of $87.86 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 0.92 and a beta of 2.12. 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 has a fifty day moving average of $333.63 and a 200 day moving average of $279.89. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The company 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 firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business 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. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share 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. Investors of record on Thursday, September 25th will be given a dividend of $1.00 per share. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's payout ratio is presently 29.99%.

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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