Integrity Alliance LLC. Acquires Shares of 1,119 Royal Caribbean Cruises Ltd. $RCL

Key Points

• Integrity Alliance LLC has acquired a new position of 1,119 shares of Royal Caribbean Cruises Ltd., valued at approximately $230,000, during the 1st quarter.
• Several analysts have upgraded their price targets for Royal Caribbean, with Bank of America setting a new target of $355.00 and Citigroup increasing theirs to $399.00, reflecting strong market sentiment.
• Royal Caribbean Cruises recently announced a quarterly dividend increase to $1.00 per share, up from $0.75, which indicates strong financial performance and a commitment to returning value to shareholders.

Integrity Alliance LLC. purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,119 shares of the company's stock, valued at approximately $230,000.

Several other large investors have also recently modified their holdings of RCL. Revisor Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth about $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 increased 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 acquiring an additional 914 shares in the last quarter. Roberts Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $572,000. Finally, Vanguard Group Inc. boosted its stake 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 purchasing an additional 602,447 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on RCL. Bank of America upped their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group increased their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a report on Monday, July 7th. Citigroup increased their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Loop Capital reiterated a "buy" rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, TD Cowen started coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average target price of $327.14.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises 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 directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 transaction, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This 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 corporate insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $337.20 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a market cap of $91.59 billion, a PE ratio of 25.28, a P/E/G ratio of 0.98 and a beta of 2.12. The business has a 50-day simple moving average of $337.06 and a two-hundred day simple moving average of $271.11. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two 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 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company 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. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared 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 an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio (DPR) is 29.99%.

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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