Secure Asset Management LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Secure Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the second quarter, acquiring 776 shares valued at approximately $243,000.
• Royal Caribbean announced a quarterly dividend of $1.00 per share, increasing from the previous $0.75, reflecting a positive trend in its financial management.
• The company's latest earnings report showed an EPS of $4.38, exceeding analysts' estimates and marking a 10.4% increase in revenue year-over-year.

Secure Asset Management LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 776 shares of the company's stock, valued at approximately $243,000.

Several other hedge funds also recently modified their holdings of the business. Sunflower Bank N.A. bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $209,000. Pines Wealth Management LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $263,000. Chesley Taft & Associates LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $280,000. Sunpointe LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $2,051,000. Finally, Gateway Investment Advisers LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $208,000. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling

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 directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the firm'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 directly owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock worth $10,091,282 in the last ninety days. Corporate insiders own 6.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RCL shares. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. 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 note on Wednesday, July 30th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock traded up $9.27 during trading on Tuesday, reaching $338.51. The company's stock had a trading volume of 342,023 shares, compared to its average volume of 2,451,386. The business's 50-day moving average price is $335.95 and its 200-day moving average price is $275.44. The firm has a market cap of $91.95 billion, a PE ratio of 25.47, a P/E/G ratio of 0.92 and a beta of 2.12. 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.

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, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to analysts' expectations 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 revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders 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 represents a $4.00 dividend on an annualized basis and a yield of 1.2%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's payout ratio is currently 22.49%.

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.