Pines Wealth Management LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Pines Wealth Management LLC acquired 785 shares of Royal Caribbean Cruises Ltd., valued at approximately $263,000, marking a new stake in the company during the second quarter.
• Royal Caribbean Cruises reported $4.38 earnings per share for the latest quarter, exceeding estimates and showing a 10.4% increase in revenue year-over-year.
• The company plans to increase its quarterly dividend to $1.00 per share, up from $0.75, which reflects a yield of 1.2% and signifies positive financial growth.

Pines Wealth Management LLC bought a new stake 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 bought 785 shares of the company's stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $26,000. Optimum Investment Advisors acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $31,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $35,000. Finally, SouthState Corp acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth $39,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective for the company. Jefferies Financial Group lifted their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Bank of America lifted their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $327.14.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $322.65 on Thursday. The firm has a market cap of $87.64 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. The stock's 50-day moving average is $336.71 and its 200-day moving average is $272.62. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21.

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, topping the consensus estimate 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 business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. Royal Caribbean Cruises's revenue 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. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, September 25th. 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%. Royal Caribbean Cruises's dividend payout ratio is currently 22.49%.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% 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 worth $10,091,282. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Company 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.

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