Prime Capital Investment Advisors LLC Cuts Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Prime Capital Investment Advisors LLC reduced its holdings in Royal Caribbean Cruises by 28.7% during the second quarter, now owning 3,400 shares valued at approximately $1,065,000.
• Royal Caribbean Cruises recently disclosed a quarterly dividend of $1.00, increased from the previous $0.75, reflecting an annualized yield of 1.3%.
• The company reported earnings per share of $4.38 for the last quarter, surpassing estimates and representing a 10.4% year-over-year revenue increase.

Prime Capital Investment Advisors LLC cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 28.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,400 shares of the company's stock after selling 1,367 shares during the period. Prime Capital Investment Advisors LLC's holdings in Royal Caribbean Cruises were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Belpointe Asset Management LLC boosted its position in Royal Caribbean Cruises by 75.1% during the second quarter. Belpointe Asset Management LLC now owns 1,755 shares of the company's stock worth $550,000 after purchasing an additional 753 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company's stock worth $1,197,000 after buying an additional 39 shares during the period. Knights of Columbus Asset Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 55.2% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 2,549 shares of the company's stock worth $798,000 after buying an additional 907 shares during the period. DAVENPORT & Co LLC increased its holdings in Royal Caribbean Cruises by 7.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 1,758 shares of the company's stock worth $550,000 after acquiring an additional 121 shares in the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Royal Caribbean Cruises by 144.6% in the 2nd quarter. Simplicity Wealth LLC now owns 2,879 shares of the company's stock worth $901,000 after acquiring an additional 1,702 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 0.5%

NYSE RCL opened at $306.80 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The business's fifty day simple moving average is $329.80 and its 200-day simple moving average is $284.19. The firm has a market cap of $83.34 billion, a PE ratio of 23.00, a P/E/G ratio of 0.87 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data 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 net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the business earned $3.21 earnings per share. Royal Caribbean Cruises's revenue 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. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a $1.00 dividend. This is a boost 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 1.3%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's payout ratio is currently 29.99%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RCL. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Caribbean Cruises in a research report on Wednesday. UBS Group raised their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen raised Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a report on Friday, September 26th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group boosted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction on 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 in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 150,291 shares of the company's stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,507 shares of company stock worth $10,091,282. 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.

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