Dakota Wealth Management Acquires 4,519 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Dakota Wealth Management has increased its holdings in Royal Caribbean Cruises Ltd. by 60.1%, now owning a total of 12,040 shares valued at approximately $3.77 million.
• The company recently announced a quarterly dividend increase from $0.75 to $1.00, representing a yield of 1.2% which reflects a healthy dividend payout ratio of 22.49%.
• Royal Caribbean's earnings topped analysts' expectations, reporting $4.38 EPS for the last quarter, which is a significant increase from $3.21 EPS during the same period the previous year.

Dakota Wealth Management lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 60.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,040 shares of the company's stock after buying an additional 4,519 shares during the period. Dakota Wealth Management's holdings in Royal Caribbean Cruises were worth $3,770,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Revisor Wealth Management LLC bought a new stake in Royal Caribbean Cruises during the first quarter worth approximately $1,525,000. Brown Miller Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $266,000. Florida Financial Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after purchasing an additional 914 shares during the period. Roberts Capital Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $572,000. Finally, Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after buying an additional 602,447 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Down 0.6%

Shares of RCL opened at $324.92 on Friday. The firm has a market capitalization of $88.26 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 0.92 and a beta of 2.12. 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 company has a 50-day moving average of $335.02 and a 200 day moving average of $276.99.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company posted $3.21 earnings per share. The company's quarterly revenue 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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued a $1.00 dividend. The ex-dividend date is Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.2%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 22.49%.

Analysts Set New Price Targets

RCL has been the subject of several recent analyst reports. Loop Capital reaffirmed a "buy" rating and set a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Jefferies Financial Group lifted their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. UBS Group upped their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Bank of America increased their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price 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.

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