Sterling Financial Planning Inc. Invests $282,000 in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Sterling Financial Planning Inc. invested approximately $282,000 in Royal Caribbean Cruises Ltd. by acquiring 900 shares during the 2nd quarter.
• Royal Caribbean recently declared a quarterly dividend of $1.00, representing a 33% increase from its previous dividend of $0.75.
• The company's stock has shown significant growth, with analysts increasing target prices; Barclays raised their target from $263 to $358 and Tigress Financial from $330 to $415.

Sterling Financial Planning Inc. acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 900 shares of the company's stock, valued at approximately $282,000.

Several other large investors have also modified their holdings of the stock. Harbour Investments Inc. lifted its holdings in shares of Royal Caribbean Cruises by 6.4% during the 2nd quarter. Harbour Investments Inc. now owns 954 shares of the company's stock worth $299,000 after acquiring an additional 57 shares during the period. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $226,000. Sagespring Wealth Partners LLC increased its position in Royal Caribbean Cruises by 3.1% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 7,919 shares of the company's stock worth $2,480,000 after purchasing an additional 240 shares in the last quarter. TD Asset Management Inc increased its position in Royal Caribbean Cruises by 7.1% during the 2nd quarter. TD Asset Management Inc now owns 102,389 shares of the company's stock worth $32,062,000 after purchasing an additional 6,828 shares in the last quarter. Finally, Frazier Financial Advisors LLC increased its position in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company's stock worth $43,000 after purchasing an additional 29 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other 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 transaction of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the firm's 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 of the company's stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 over the last 90 days. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Up 2.3%

Shares of NYSE:RCL opened at $313.40 on Wednesday. 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 Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a 50 day moving average of $329.45 and a two-hundred day moving average of $286.54. The company has a market capitalization of $85.13 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08.

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 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 company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the company earned $3.21 earnings per share. Royal Caribbean Cruises's revenue for the quarter 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. As a group, analysts forecast 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 was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio is 29.99%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RCL shares. Barclays increased their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Jefferies Financial Group increased their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Finally, Wall Street Zen raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average price target of $326.95.

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.

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