Eagle Wealth Strategies LLC Makes New Investment in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Eagle Wealth Strategies LLC has acquired 933 shares of Royal Caribbean Cruises Ltd. (RCL), valued at approximately $292,000, marking a new investment during the second quarter.
• Royal Caribbean has received multiple analyst upgrades, with some firms setting target prices as high as $405.00, signaling strong market confidence and a **consensus rating of "Moderate Buy."**
• Royal Caribbean recently announced a quarterly dividend increase to $1.00 per share, reflecting positive growth prospects as the company aims for a FY 2025 EPS guidance of 15.410-15.550.

Eagle Wealth Strategies LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 933 shares of the company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 1st quarter worth approximately $25,000. Hughes Financial Services LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of several research analyst reports. Loop Capital reaffirmed a "buy" rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. TD Cowen initiated coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective for the company. Susquehanna reaffirmed a "positive" rating and issued a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Barclays raised their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.

Royal Caribbean Cruises Trading Down 0.1%

Shares of Royal Caribbean Cruises stock opened at $326.41 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The firm has a market cap of $88.66 billion, a PE ratio of 24.47, a P/E/G ratio of 0.92 and a beta of 2.12. The business's fifty day moving average is $334.14 and its two-hundred day moving average is $279.59. 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 issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company posted $3.21 EPS. The business'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. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's payout ratio is currently 29.99%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock worth $10,091,282 in the last ninety days. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Company 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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