GC Wealth Management RIA LLC Purchases New Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• GC Wealth Management RIA LLC has acquired a new stake in Royal Caribbean Cruises Ltd., purchasing 1,286 shares valued at approximately $403,000.
• Royal Caribbean recently reported $4.38 EPS for the last quarter, exceeding estimates, with revenues of $4.54 billion and a net margin of 20.97%.
• The company announced a quarterly dividend increase to $1.00 per share, reflecting a dividend yield of 1.3% and a payout ratio of approximately 30%.

GC Wealth Management RIA LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,286 shares of the company's stock, valued at approximately $403,000.

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

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $316.38 on Thursday. The company has a 50 day moving average price of $332.92 and a 200-day moving average price of $280.14. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $85.94 billion, a PE ratio of 23.72, a P/E/G ratio of 0.91 and a beta of 2.09. 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 announced its earnings results 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 company 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%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.3%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 29.99%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 approximately $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. UBS Group lifted their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating for the company in a research note on Friday, September 19th. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Finally, Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $326.95.

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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