MBB Public Markets I LLC Takes $301,000 Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• MBB Public Markets I LLC has acquired 1,467 shares of Royal Caribbean Cruises for approximately $301,000, indicating increasing interest from institutional investors in the cruise line sector.
• Royal Caribbean Cruises recently raised its quarterly dividend to $1.00 per share, up from $0.75, reflecting strong financial performance and growth expectations.
• Analysts have a consensus rating of "Moderate Buy" for RCL stock, with an average price target of $327.14, showing confidence in the company's growth potential.

MBB Public Markets I LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,467 shares of the company's stock, valued at approximately $301,000.

Several other large investors have also recently bought and sold shares of RCL. Brighton Jones LLC increased its holdings in Royal Caribbean Cruises by 12.2% in 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. Focus Partners Wealth grew its holdings in shares of Royal Caribbean Cruises by 12.8% during the fourth quarter. Focus Partners Wealth now owns 10,641 shares of the company's stock worth $2,455,000 after purchasing an additional 1,211 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $311,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Royal Caribbean Cruises by 16.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,750 shares of the company's stock worth $5,940,000 after purchasing an additional 3,610 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $547,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL traded down $13.03 during mid-day trading on Friday, hitting $337.20. 2,071,042 shares of the company's stock were exchanged, compared to its average volume of 1,885,540. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two 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 business's 50 day moving average is $337.06 and its two-hundred day moving average is $271.11. 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 (NYSE:RCL - Get Free Report) last announced its 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 net margin of 20.97% and a return on equity of 47.15%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, equities analysts expect 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. Investors of record on Thursday, September 25th will be given a $1.00 dividend. The ex-dividend date 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 22.49%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RCL shares. TD Cowen started coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective on the stock. Loop Capital reaffirmed a "buy" rating and set a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Sanford C. Bernstein raised their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Stifel Nicolaus raised 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. Finally, Tigress Financial raised their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently 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 the firm's stock in a transaction dated 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 in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. The trade was 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 worth $10,091,282 over the last 90 days. Company insiders own 6.95% of the company's stock.

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.