FNY Investment Advisers LLC Invests $1.20 Million in Royal Caribbean Cruises Ltd. $RCL

Key Points

• FNY Investment Advisers LLC invested approximately $1.20 million in Royal Caribbean Cruises Ltd. by acquiring 3,830 shares during the second quarter.
• Several hedge funds have added positions in RCL, with institutional investors now holding 87.53% of the stock.
• Royal Caribbean recently increased its quarterly dividend to $1.00 per share, up from $0.75, resulting in an annualized dividend yield of 1.3%.

FNY Investment Advisers LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,830 shares of the company's stock, valued at approximately $1,199,000.

A number of other hedge funds have also added to or reduced their stakes in RCL. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $31,000. 1 North Wealth Services LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $32,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $25,000. 87.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RCL. Bank of America boosted their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Truist Financial cut their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a research report on Friday, September 19th. Susquehanna restated a "positive" rating and issued a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Finally, UBS Group raised their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $332.14.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $317.22 on Wednesday. The firm has a market cap of $86.17 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 0.85 and a beta of 2.08. The firm's fifty day moving average is $329.26 and its 200-day moving average is $290.29. 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 52 week low of $164.01 and a 52 week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly 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. The company had revenue of $4.54 billion for 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 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 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 29.99%.

Insider Transactions at Royal Caribbean Cruises

In other news, 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 transaction 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. The trade was 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 accessible through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises 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 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. Over the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company's stock.

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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