Five Oceans Advisors Purchases Shares of 888 Royal Caribbean Cruises Ltd. $RCL

Key Points

• Five Oceans Advisors acquired 888 shares of Royal Caribbean Cruises Ltd., valued at approximately $278,000, marking a new position for the firm in Q2.
• Several analysts have raised their target prices for Royal Caribbean Cruises, with Tigress Financial increasing it to $415.00 and UBS Group to $353.00, reflecting a generally positive outlook on the stock.
• Royal Caribbean recently announced a quarterly dividend increase from $0.75 to $1.00 per share, with a payout expected to start on October 13th, indicating a strengthening financial position.

Five Oceans Advisors bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 888 shares of the company's stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $31,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RCL shares. Tigress Financial upped their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. UBS Group upped their target price on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Barclays increased their price target 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. Bank of America increased their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 150,291 shares of the company's stock, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises 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 sale, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 over the last three months. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

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

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) 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 business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business posted $3.21 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. 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 forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. Royal Caribbean Cruises's dividend payout ratio is 22.49%.

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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