Liberty Square Wealth Partners LLC Acquires New Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Liberty Square Wealth Partners LLC has acquired a new stake in Royal Caribbean Cruises Ltd. (RCL), purchasing 896 shares valued at approximately $281,000 during the second quarter.
• Analysts have expressed bullish sentiment towards RCL, with multiple firms, including Citigroup and Tigress Financial, raising their price targets and maintaining "buy" ratings.
• Royal Caribbean recently increased its quarterly dividend to $1.00 per share, reflecting a positive change and signaling confidence in its financial health.

Liberty Square Wealth Partners LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 896 shares of the company's stock, valued at approximately $281,000.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after buying an additional 143 shares during the last quarter. GAMMA Investing LLC lifted its position in Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company's stock valued at $1,411,000 after acquiring an additional 528 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Royal Caribbean Cruises by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company's stock valued at $3,624,000 after purchasing an additional 554 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Royal Caribbean Cruises by 480.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,413 shares of the company's stock worth $496,000 after purchasing an additional 1,997 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth $879,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RCL has been the topic of a number of research analyst reports. Citigroup upped 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. Tigress Financial upped 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 note on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Barclays lifted their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Bank of America increased their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $326.95.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the company'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 sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 in the last three months. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Trading Up 0.7%

Royal Caribbean Cruises stock opened at $300.49 on Monday. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a market cap of $81.62 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.84 and a beta of 2.08. 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 business has a 50-day simple moving average of $329.18 and a two-hundred day simple moving average of $289.22.

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 (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 the consensus estimate 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 revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm 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. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

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

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.

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