Callan Family Office LLC Boosts Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Callan Family Office LLC increased its stock holdings in Royal Caribbean Cruises Ltd. by 167.2% during the second quarter, owning 5,504 shares valued at approximately $1.72 million.
• The company reported $4.38 EPS for the last quarter, exceeding analysts' expectations by $0.34, with a revenue of $4.54 billion, marking a 10.4% increase year-over-year.
• Royal Caribbean Cruises announced an increase in its quarterly dividend to $1.00 per share, up from $0.75, reflecting a 1.3% dividend yield.

Callan Family Office LLC grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 167.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,504 shares of the company's stock after buying an additional 3,444 shares during the period. Callan Family Office LLC's holdings in Royal Caribbean Cruises were worth $1,724,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RCL. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at about $25,000. Hughes Financial Services LLC bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Optimum Investment Advisors bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Performance

RCL opened at $304.66 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $82.75 billion, a PE ratio of 22.84, a P/E/G ratio of 0.86 and a beta of 2.08. The firm has a 50 day moving average of $329.61 and a two-hundred day moving average of $285.19.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly 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 net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm 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. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS 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. Stockholders of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises's payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RCL shares. Truist Financial lowered their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a report on Friday, September 19th. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Caribbean Cruises in a research note on Wednesday. Barclays lifted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $326.95.

Insider Activity

In other news, 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 transaction, the director directly owned 16,407 shares of the company's stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 directly owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last three months. 6.95% of the stock is currently owned by corporate insiders.

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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