Consolidated Portfolio Review Corp Buys New Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Consolidated Portfolio Review Corp acquired 976 shares of Royal Caribbean Cruises Ltd., valued at approximately $306,000, during the second quarter.
• Royal Caribbean's quarterly dividend has increased from $0.75 to $1.00, reflecting confidence in the company, with a yield of 1.2% based on an annualized payout of $4.00.
• Royal Caribbean Cruises reported earnings per share (EPS) of $4.38, exceeding analysts' expectations, and has set its FY 2025 guidance for EPS in the range of 15.410 to 15.550.

Consolidated Portfolio Review Corp purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 976 shares of the company's stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCL. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $27,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $31,000. Institutional investors own 87.53% of the company's stock.

Insider Activity

In related news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 16,000 shares of the stock in a transaction on 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 transaction, the director directly owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 in the last three months. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Up 1.3%

RCL stock opened at $320.10 on Friday. The stock has a market cap of $86.95 billion, a P/E ratio of 24.00, a P/E/G ratio of 0.89 and a beta of 2.08. 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 stock's fifty day simple moving average is $332.33 and its two-hundred day simple moving average is $280.84. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The company 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%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be paid a $1.00 dividend. The ex-dividend date is Thursday, September 25th. 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 yield of 1.2%. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Susquehanna reaffirmed a "positive" rating and set a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Citigroup upped their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. TD Cowen initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target for the company. Finally, Jefferies Financial Group lifted their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $326.95.

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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