Axxcess Wealth Management LLC Acquires 1,441 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Axxcess Wealth Management LLC increased its holdings in Royal Caribbean Cruises by 111.1%, acquiring an additional 1,441 shares valued at approximately $857,000.
• Royal Caribbean Cruises reported a net margin of 20.97% and earnings per share of $4.38 for the latest quarter, exceeding analysts' expectations.
• The company has recently increased its quarterly dividend to $1.00 per share, up from $0.75, reflecting a positive change for shareholders.

Axxcess Wealth Management LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 111.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,738 shares of the company's stock after purchasing an additional 1,441 shares during the period. Axxcess Wealth Management LLC's holdings in Royal Caribbean Cruises were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RCL. Brighton Jones LLC grew its position in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after purchasing an additional 143 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company's stock valued at $1,411,000 after acquiring an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Royal Caribbean Cruises by 3.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company's stock valued at $3,624,000 after acquiring an additional 554 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Royal Caribbean Cruises by 480.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,413 shares of the company's stock valued at $496,000 after acquiring an additional 1,997 shares during the period. Finally, Clarius Group LLC grew its position in shares of Royal Caribbean Cruises by 18.3% in the 1st quarter. Clarius Group LLC now owns 1,987 shares of the company's stock valued at $408,000 after acquiring an additional 308 shares during the period. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $299.10 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. 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 company has a 50-day simple moving average of $329.19 and a two-hundred day simple moving average of $287.35. The stock has a market capitalization of $81.24 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data 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. 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 quarter in the previous year, the company earned $3.21 EPS. The business's revenue was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 in the last quarter. 6.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Sanford C. Bernstein lifted their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $326.95.

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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