Sequoia Financial Advisors LLC Acquires 1,906 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Royal Caribbean Cruises Ltd. by 8.3%, acquiring an additional 1,906 shares, bringing their total to 24,775 shares worth approximately $7.76 million.
• Royal Caribbean Cruises has notable institutional support, with 87.53% of its stock owned by institutional investors, and multiple firms recently increasing their price targets for the stock.
• The company recently increased its quarterly dividend from $0.75 to $1.00 per share, representing a significant annual yield of 1.3% and a favorable dividend payout ratio of 29.99%.

Sequoia Financial Advisors LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 8.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,775 shares of the company's stock after buying an additional 1,906 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Royal Caribbean Cruises were worth $7,758,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $31,000. Trust Co. of Toledo NA OH bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $32,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Royal Caribbean Cruises during the 1st quarter worth about $25,000. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on RCL. Susquehanna reissued a "positive" rating and set a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Truist Financial dropped their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating for the company in a report on Friday, September 19th. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. UBS Group boosted their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Sanford C. Bernstein boosted their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 transaction 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 disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 over the last quarter. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Up 0.4%

Shares of NYSE RCL opened at $305.83 on Tuesday. The stock has a market cap of $83.07 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.86 and a beta of 2.08. The firm has a 50 day moving average price of $329.41 and a 200 day moving average price of $286.35. 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 Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The firm 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%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

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

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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