MGO One Seven LLC Sells 6,428 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• MGO One Seven LLC reduced its stake in Royal Caribbean Cruises by 66.8%, selling 6,428 shares and holding only 3,189 shares valued at approximately $999,000.
• Royal Caribbean Cruises recently announced a quarterly dividend increase to $1.00 per share, up from $0.75, resulting in an annualized dividend yield of 1.3%.
• Wall Street analysts are optimistic about Royal Caribbean Cruises, with multiple firms raising their target prices; the consensus rating is a "Moderate Buy" with a target price of $326.95.

MGO One Seven LLC cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 66.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,189 shares of the company's stock after selling 6,428 shares during the period. MGO One Seven LLC's holdings in Royal Caribbean Cruises were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCL. Nuveen LLC bought a new position in Royal Caribbean Cruises during the first quarter worth about $358,614,000. Vanguard Group Inc. lifted its holdings in Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after acquiring an additional 535,043 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Royal Caribbean Cruises by 179.2% during the first 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. lifted its holdings in Royal Caribbean Cruises by 112.9% during the first quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company's stock worth $116,396,000 after acquiring an additional 300,232 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RCL shares. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. 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 price target on the stock. UBS Group lifted their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Barclays lifted their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Truist Financial dropped their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $299.10 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 stock's 50-day simple moving average is $329.19 and its 200 day simple moving average is $287.35. The company has a market cap of $81.24 billion, a P/E ratio of 22.42, a P/E/G ratio of 0.87 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for 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%.Royal Caribbean Cruises's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business 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, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given 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 dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 29.99%.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock valued at $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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