Little House Capital LLC Invests $1.03 Million in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Little House Capital LLC invested $1.03 million in Royal Caribbean Cruises Ltd., acquiring 3,293 shares during the second quarter.
• Royal Caribbean has seen strong support from analysts, with target price increases from firms like Stifel Nicolaus raising their target from $400 to $420, reflecting optimism around the company's performance.
• The company's quarterly dividend has increased from $0.75 to $1.00, indicating confidence in Royal Caribbean's financial health, with a consistent annualized dividend yield of 1.2%.

Little House Capital LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,293 shares of the company's stock, valued at approximately $1,031,000.

A number of other hedge funds have also modified their holdings of RCL. Financial Gravity Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $25,000. Hughes Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $26,000. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at about $31,000. Fourth Dimension Wealth LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at about $35,000. Finally, SouthState Corp purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at about $39,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RCL. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays raised their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Truist Financial set a $337.00 target price on Royal Caribbean Cruises in a report on Wednesday, July 30th. Citigroup raised their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $330.01 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The stock has a 50 day moving average of $337.09 and a two-hundred day moving average of $271.93. The stock has a market cap of $89.64 billion, a P/E ratio of 24.74, a P/E/G ratio of 0.95 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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 analysts' expectations of $4.54 billion. During the same quarter in the previous year, the business earned $3.21 earnings per share. 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. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be paid a $1.00 dividend. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 29.99%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by insiders.

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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