Royal Caribbean Cruises Ltd. $RCL Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Royal Caribbean Cruises Ltd. by 17.4%, purchasing an additional 1,203 shares during the 1st quarter, bringing their total to 8,125 shares valued at approximately $1.67 million.
• Royal Caribbean Cruises reported a quarterly earnings per share of $4.38, exceeding analyst estimates, and announced an increase in its dividend from $0.75 to $1.00 per share, reflecting strong financial performance.
• Institutional investors and hedge funds collectively hold 87.53% of Royal Caribbean's stock, indicating significant institutional confidence in the company's future performance.

NewEdge Advisors LLC increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,125 shares of the company's stock after buying an additional 1,203 shares during the quarter. NewEdge Advisors LLC's holdings in Royal Caribbean Cruises were worth $1,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Okabena Investment Services Inc. increased its holdings in Royal Caribbean Cruises by 0.9% in the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company's stock worth $1,026,000 after buying an additional 44 shares during the period. CWM LLC grew its stake in shares of Royal Caribbean Cruises by 0.4% during the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after purchasing an additional 45 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Royal Caribbean Cruises by 3.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock worth $278,000 after purchasing an additional 45 shares during the period. Forum Financial Management LP grew its stake in shares of Royal Caribbean Cruises by 1.5% during the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock worth $628,000 after purchasing an additional 46 shares during the period. Finally, Accredited Investors Inc. grew its stake in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock worth $458,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $337.20 on Friday. The company's fifty day moving average price is $337.06 and its 200 day moving average price is $270.92. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The stock has a market capitalization of $91.59 billion, a P/E ratio of 25.28, a P/E/G ratio of 0.98 and a beta of 2.12. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced 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 company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter 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. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is 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 22.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RCL shares. Susquehanna reaffirmed a "positive" rating and set a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction on 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 transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 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 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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