Park Capital Management LLC WI Takes $566,000 Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Park Capital Management LLC has acquired a new position in Royal Caribbean Cruises, purchasing 1,809 shares worth approximately $566,000 in Q2, indicating growing institutional interest in the company.
• Royal Caribbean Cruises recently increased its quarterly dividend from $0.75 to $1.00, signaling strong financial performance and a commitment to returning value to shareholders.
• Several analysts have raised their price targets for Royal Caribbean Cruises, with Bank of America and Tigress Financial setting targets of $355.00 and $415.00 respectively, underlining positive expectations for the company’s stock.

Park Capital Management LLC WI purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,809 shares of the company's stock, valued at approximately $566,000.

Other large investors have also recently made changes to their positions in the company. Revisor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the first quarter valued at $1,525,000. Brown Miller Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at about $266,000. Florida Financial Advisors LLC lifted its stake in Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock valued at $402,000 after buying an additional 914 shares in the last quarter. Roberts Capital Advisors LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at about $572,000. Finally, Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after acquiring an additional 602,447 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the company's 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 completion of the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction on 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 transaction, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 over the last 90 days. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Up 1.2%

Shares of RCL stock traded up $3.84 on Monday, reaching $332.44. 673,025 shares of the stock were exchanged, compared to its average volume of 2,458,180. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The business's 50 day moving average price is $336.20 and its 200 day moving average price is $274.62. The company has a market capitalization of $90.30 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 0.92 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The firm 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 company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous 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. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business 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 a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's payout ratio is currently 29.99%.

Wall Street Analyst Weigh In

A number of analysts have commented on RCL shares. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Barclays increased their price objective on shares of 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 cut their price objective on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating for the company in a report on Friday. Loop Capital reiterated a "buy" rating and issued a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Finally, TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $326.95.

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.