Cullen Frost Bankers Inc. Increases Holdings in Royal Caribbean Cruises Ltd. $RCL

Cullen Frost Bankers Inc. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,969 shares of the company's stock after buying an additional 1,294 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Royal Caribbean Cruises were worth $11,890,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RCL. Financial Gravity Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the first quarter valued at $25,000. Hughes Financial Services LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the second quarter valued at $27,000. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises during the first quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Royal Caribbean Cruises during the second quarter valued at $31,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 0.3%

Royal Caribbean Cruises stock opened at $317.71 on Thursday. The stock has a market cap of $86.30 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 0.89 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. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The stock has a fifty day moving average of $329.34 and a 200 day moving average of $290.48.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS 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 company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the business earned $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. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date was 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 1.3%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock worth $10,091,282 over the last quarter. 6.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RCL shares. UBS Group boosted their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Truist Financial decreased their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating for the company in a research note on Friday, September 19th. Jefferies Financial Group boosted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Susquehanna restated a "positive" rating and issued a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and an average price target of $332.14.

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.

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