Private Trust Co. NA Has $101,000 Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Private Trust Co. NA reduced its stake in Royal Caribbean Cruises Ltd. by 72.9%, holding 322 shares valued at $101,000 by the end of the second quarter.
• Several research firms have updated their target prices for Royal Caribbean, with Tigress Financial increasing its target from $330 to $415, reflecting a generally positive outlook.
• Royal Caribbean recently increased its quarterly dividend from $0.75 to $1.00 per share, leading to an annualized yield of 1.3%.

Private Trust Co. NA lowered its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 72.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322 shares of the company's stock after selling 868 shares during the quarter. Private Trust Co. NA's holdings in Royal Caribbean Cruises were worth $101,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new position in shares of Royal Caribbean Cruises during the first quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $27,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $31,000. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RCL. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Mizuho decreased their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an "outperform" rating for the company in a research note on Monday. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Citigroup raised their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Truist Financial lowered their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price of $332.14.

Insider Activity

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $4,976,320.00. Following 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 ownership of the stock. 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.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $317.71 on Thursday. 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 company has a market capitalization of $86.30 billion, a P/E ratio of 23.82, a P/E/G ratio of 0.89 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The stock has a 50 day moving average of $329.34 and a 200-day moving average of $290.48.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the firm posted $3.21 EPS. The company's quarterly 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. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. 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 dividend yield of 1.3%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.

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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