Royal Caribbean Cruises Ltd. $RCL Shares Acquired by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its stake in Royal Caribbean Cruises by 144.6%, owning 2,879 shares valued at approximately $901,000 as of the latest SEC filing.
• Royal Caribbean Cruises reported earnings per share of $4.38 for the quarter, surpassing expectations and showcasing revenue growth of 10.4% year-over-year.
• The company announced an increase in its quarterly dividend to $1.00 per share, representing a 1.3% yield and up from the previous dividend of $0.75.

Simplicity Wealth LLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 144.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,879 shares of the company's stock after purchasing an additional 1,702 shares during the quarter. Simplicity Wealth LLC's holdings in Royal Caribbean Cruises were worth $901,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RCL. Brown Miller Wealth Management LLC grew its stake in shares of Royal Caribbean Cruises by 10.8% during the 2nd quarter. Brown Miller Wealth Management LLC now owns 1,437 shares of the company's stock valued at $450,000 after buying an additional 140 shares during the period. OLD National Bancorp IN acquired a new position in Royal Caribbean Cruises in the second quarter valued at $465,000. Wealthcare Advisory Partners LLC grew its position in Royal Caribbean Cruises by 6.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 10,579 shares of the company's stock valued at $3,313,000 after acquiring an additional 613 shares during the period. Checchi Capital Advisers LLC purchased a new stake in Royal Caribbean Cruises during the second quarter valued at about $259,000. Finally, Diligent Investors LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth about $204,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 0.9%

RCL opened at $316.84 on Tuesday. The firm's 50 day moving average is $330.86 and its 200-day moving average is $283.24. 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 firm has a market capitalization of $86.06 billion, a P/E ratio of 23.75, a P/E/G ratio of 0.88 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating 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 business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. The business's quarterly 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. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 25th. This is a positive change 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%. Royal Caribbean Cruises's dividend payout ratio is presently 29.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RCL. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. 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, Bank of America lifted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction that occurred 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 directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

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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