Compound Global Advisors LLC Cuts Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Compound Global Advisors LLC cut its holdings in Royal Caribbean Cruises by 92.3%, now owning only 116 shares, which represent 3.3% of its investment portfolio.
• Royal Caribbean recently announced a quarterly dividend increase from $0.75 to $1.00 per share, yielding 1.3% annually.
• Analyst ratings for Royal Caribbean Cruises reflect optimistic sentiments, with a consensus rating of "Moderate Buy" and upgrades in price targets from several firms.

Compound Global Advisors LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 92.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116 shares of the company's stock after selling 1,400 shares during the quarter. Royal Caribbean Cruises comprises 3.3% of Compound Global Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Compound Global Advisors LLC's holdings in Royal Caribbean Cruises were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCL. Smithbridge Asset Management Inc. DE purchased a new position in Royal Caribbean Cruises in the second quarter worth $7,834,000. Latitude Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 1.5% during the 2nd quarter. Latitude Advisors LLC now owns 3,216 shares of the company's stock worth $1,007,000 after purchasing an additional 46 shares in the last quarter. Tower Wealth Partners Inc. acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $218,000. Omnia Family Wealth LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $207,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $241,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 16,407 shares of the company's stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the chief accounting officer 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. In the last quarter, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RCL has been the topic of a number of research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Sanford C. Bernstein boosted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. TD Cowen began coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target on the stock. Citigroup raised their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.

Royal Caribbean Cruises Trading Down 3.9%

Shares of RCL opened at $299.10 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The stock has a market cap 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. The firm has a 50 day simple moving average of $329.19 and a 200-day simple moving average of $287.35.

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, beating analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase 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%. Royal Caribbean Cruises's dividend payout ratio is 29.99%.

About Royal Caribbean Cruises

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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