Drive Wealth Management LLC Takes $259,000 Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Drive Wealth Management LLC has acquired a new position in Royal Caribbean Cruises Ltd. with a total investment of approximately $259,000 for 826 shares, as reported in a recent SEC filing.
• Several institutional investors are increasing their stakes in the company, leading to a scenario where 87.53% of Royal Caribbean's stock is held by institutional investors and hedge funds.
• Royal Caribbean Cruises demonstrated strong financial performance with a quarterly earnings report, showing $4.38 EPS, exceeding estimates, and has set a fiscal year 2025 guidance of 15.410-15.550 EPS.

Drive Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 826 shares of the company's stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. LMG Wealth Partners LLC lifted its position in shares of Royal Caribbean Cruises by 13.8% in the 2nd quarter. LMG Wealth Partners LLC now owns 2,244 shares of the company's stock worth $703,000 after buying an additional 272 shares during the last quarter. Liberty Square Wealth Partners LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $281,000. Mezzasalma Advisors LLC lifted its holdings in Royal Caribbean Cruises by 0.7% in the second quarter. Mezzasalma Advisors LLC now owns 25,321 shares of the company's stock worth $7,929,000 after purchasing an additional 167 shares during the period. Sims Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 4.4% during the 2nd quarter. Sims Investment Management LLC now owns 1,566 shares of the company's stock worth $490,000 after buying an additional 66 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC acquired a new stake in Royal Caribbean Cruises in the second quarter worth approximately $227,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RCL shares. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective for the company. Wall Street Zen raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Weiss Ratings restated a "buy (b)" rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Bank of America upped their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Barclays upped their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $332.14.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $302.87 on Tuesday. The firm has a 50 day moving average of $329.18 and a two-hundred day moving average of $290.10. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a market capitalization of $82.27 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 0.84 and a beta of 2.08. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities analysts anticipate 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis 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 dividend payout ratio (DPR) is 29.99%.

Insider Buying and Selling

In other Royal Caribbean Cruises 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 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 represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% 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 insiders.

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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