Revolve Wealth Partners LLC Makes New Investment in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Revolve Wealth Partners LLC has acquired 860 shares of Royal Caribbean Cruises Ltd., valued at approximately $269,000, during the second quarter, according to its Form 13F filing.
• Multiple institutional investors, including Nuveen LLC and Vanguard Group Inc., have significantly increased their stakes in Royal Caribbean, with institutional ownership now at 87.53% of the company's shares.
• Royal Caribbean recently announced a quarterly dividend increase from $0.75 to $1.00 per share, representing an annualized dividend of $4.00 and a yield of 1.3%.

Revolve Wealth Partners LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 860 shares of the company's stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Nuveen LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $358,614,000. Vanguard Group Inc. grew its position in shares of 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 during the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of 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 during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Analyst Ratings Changes

RCL has been the topic of a number of research reports. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Barclays raised their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Sanford C. Bernstein raised their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Bank of America lifted their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. One investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $326.95.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the business'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 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 disclosure for this sale can be found here. In the last ninety days, 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 Stock Performance

NYSE:RCL opened at $305.83 on Tuesday. The firm's fifty day moving average price is $329.41 and its 200 day moving average price is $286.35. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-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. The firm has a market cap of $83.07 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's payout ratio is presently 29.99%.

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.

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