LVW Advisors LLC Purchases Shares of 950 Royal Caribbean Cruises Ltd. $RCL

Key Points

• LVW Advisors LLC purchased 950 shares of Royal Caribbean Cruises Ltd., valued at approximately $297,000, marking a new position for the firm in the second quarter.
• Royal Caribbean Cruises recently declared a quarterly dividend increase from $0.75 to $1.00, with the annualized yield now at 1.2%.
• The stock performance showed a 52-week range between $164.01 and $366.50, with shares opening at $326.50 on Monday.

LVW Advisors LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 950 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors also recently modified their holdings of the stock. Nuveen LLC bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $358,614,000. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 2.1% during 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 in the last quarter. Bank of New York Mellon Corp raised its position in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after buying an additional 535,043 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Royal Caribbean Cruises by 179.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company's stock worth $132,550,000 after acquiring an additional 414,100 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Royal Caribbean Cruises by 112.9% in the 1st quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company's stock worth $116,396,000 after purchasing an additional 300,232 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 16,000 shares of the 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 transaction, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction 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 in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $326.50 on Monday. 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 Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a market capitalization of $88.69 billion, a P/E ratio of 24.48, a PEG ratio of 0.92 and a beta of 2.12. The stock has a 50 day moving average price of $334.54 and a two-hundred day moving average price of $278.79.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the company posted $3.21 EPS. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. 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 expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current 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 paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 25th. 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%. Royal Caribbean Cruises's payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RCL. Susquehanna restated a "positive" rating and issued a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective for the company. Finally, Tigress Financial upped their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.

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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