Chevy Chase Trust Holdings LLC Acquires 2,309 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Chevy Chase Trust Holdings LLC increased its holdings in Royal Caribbean Cruises by 1.7%, acquiring an additional 2,309 shares, bringing their total to 135,164 shares valued at $42.3 million.
• In addition to Chevy Chase, several institutional investors also boosted their positions, with institutional ownership comprising 87.53% of the company's stock.
• Royal Caribbean Cruises announced a quarterly dividend of $1.00 per share, reflecting an increase from the previous dividend of $0.75, with a current dividend yield of 1.3%.

Chevy Chase Trust Holdings LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,164 shares of the company's stock after purchasing an additional 2,309 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Royal Caribbean Cruises were worth $42,325,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Frazier Financial Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 27.1% in the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company's stock worth $43,000 after purchasing an additional 29 shares in the last quarter. CX Institutional lifted its position in shares of Royal Caribbean Cruises by 1.4% in the second quarter. CX Institutional now owns 2,423 shares of the company's stock worth $759,000 after purchasing an additional 34 shares in the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company's stock worth $1,422,000 after purchasing an additional 38 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company's stock worth $1,197,000 after purchasing an additional 39 shares in the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Fulton Bank N.A. now owns 5,023 shares of the company's stock worth $1,573,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction dated 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 sale, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,507 shares of company stock valued at $10,091,282. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $300.49 on Friday. The company has a market capitalization of $81.62 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 0.84 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a 50-day simple moving average of $329.18 and a 200 day simple moving average of $287.99. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during 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%. Royal Caribbean Cruises's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous 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, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

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

Analyst Upgrades and Downgrades

RCL has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price 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, Truist Financial lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has an average 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.

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.