Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Monument Capital Management

Key Points

• Monument Capital Management significantly increased its stake in Royal Caribbean Cruises Ltd. by 571.3% in Q2, now holding 13,433 shares valued at approximately $4.2 million.
• Royal Caribbean Cruises announced a quarterly dividend increase to $1.00 per share, up from $0.75, reflecting a positive outlook with a 1.3% dividend yield.
• Recent analyst reports have raised the stock's price targets, with the consensus rating at "Moderate Buy" and an average price target of $326.95.

Monument Capital Management increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 571.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,433 shares of the company's stock after buying an additional 11,432 shares during the quarter. Royal Caribbean Cruises comprises 1.1% of Monument Capital Management's holdings, making the stock its 24th largest position. Monument Capital Management's holdings in Royal Caribbean Cruises were worth $4,206,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after acquiring an additional 143 shares during the period. Farther Finance Advisors LLC increased its position in Royal Caribbean Cruises by 31.7% during the first quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company's stock worth $748,000 after purchasing an additional 866 shares during the last quarter. Yousif Capital Management LLC raised its stake in Royal Caribbean Cruises by 2.6% during the first quarter. Yousif Capital Management LLC now owns 33,195 shares of the company's stock worth $6,820,000 after purchasing an additional 840 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Royal Caribbean Cruises during the first quarter worth about $1,743,000. Finally, GAMMA Investing LLC boosted its holdings in Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company's stock valued at $1,411,000 after purchasing an additional 528 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm'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 owned 16,407 shares of the company's stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Henry L. Pujol sold 5,207 shares of the company's 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 directly owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RCL. Jefferies Financial Group raised their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Wall Street Zen upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Citigroup lifted their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Caribbean Cruises in a research note on Wednesday. Finally, Sanford C. Bernstein raised their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

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 stock's fifty day moving average is $329.80 and its two-hundred day moving average is $284.19. The stock has a market capitalization of $83.34 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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. 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 analysts' expectations of $4.54 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The company's 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. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared 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. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio is currently 29.99%.

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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