Checchi Capital Advisers LLC Invests $259,000 in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Checchi Capital Advisers LLC invested $259,000 in Royal Caribbean Cruises Ltd., acquiring 826 shares in the 2nd quarter, highlighting increased interest from institutional investors.
• Royal Caribbean Cruises reported a strong Q2 earnings beat with $4.38 EPS, surpassing estimates, and raised its FY 2025 guidance.
• The company declared a quarterly dividend increase to $1.00 per share, up from $0.75, representing a dividend yield of 1.3% and indicating strong financial performance.

Checchi Capital Advisers LLC bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 826 shares of the company's stock, valued at approximately $259,000.

Several other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the 2nd quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises during the 2nd quarter valued at approximately $31,000. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises during the 1st quarter valued at $26,000. Finally, Optimum Investment Advisors bought a new stake in Royal Caribbean Cruises during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $314.56 on Wednesday. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year 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 company has a market capitalization of $85.44 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 0.89 and a beta of 2.08. The stock's fifty day simple moving average is $330.46 and its 200-day simple moving average is $283.46.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. Royal Caribbean Cruises's revenue for the quarter was up 10.4% compared to the same quarter last year. 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, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.

Insider Activity

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction dated 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 transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares in the company, 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. Over the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Jefferies Financial Group lifted their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Tigress Financial lifted their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Truist Financial cut their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a research note on Friday, September 19th. Finally, 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. One 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $326.95.

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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