Geneos Wealth Management Inc. Reduces Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Geneos Wealth Management Inc. reduced its holdings in Royal Caribbean Cruises by 89.0% in the first quarter, bringing its stake down to 1,894 shares valued at $389,000.
• The company reported a strong quarterly earnings of $4.38 per share, beating estimates, and forecasts positive guidance for FY 2025 with EPS projected between 15.410-15.550.
• Royal Caribbean recently announced a dividend increase to $1.00 per share, up from $0.75, suggesting confidence in its financial health.

Geneos Wealth Management Inc. cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 89.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,894 shares of the company's stock after selling 15,337 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Royal Caribbean Cruises were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RCL. Revisor Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $1,525,000. Brown Miller Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $266,000. Florida Financial Advisors LLC lifted its holdings in Royal Caribbean Cruises by 87.6% in the 1st 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 period. Roberts Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $572,000. Finally, Vanguard Group Inc. lifted its holdings in Royal Caribbean Cruises by 2.1% in the 1st 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 period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 16,407 shares of the company's stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the firm'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 value of $4,976,320.00. Following the transaction, the director directly owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Down 3.7%

Shares of NYSE:RCL opened at $337.20 on Monday. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The firm has a market capitalization of $91.59 billion, a P/E ratio of 25.28, a P/E/G ratio of 0.95 and a beta of 2.12. The stock has a 50 day moving average price of $337.06 and a 200-day moving average price of $271.34. 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 (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the company earned $3.21 EPS. The firm'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, equities research 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 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 is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. Royal Caribbean Cruises's dividend payout ratio is 22.49%.

Analysts Set New Price Targets

RCL has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Bank of America increased their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Barclays increased their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. UBS Group increased their target price on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $327.14.

Royal Caribbean Cruises 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.