Stratos Wealth Partners LTD. Grows Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Stratos Wealth Partners LTD. increased its holdings in Royal Caribbean Cruises Ltd. by 30.9% in Q2, bringing its total shares to 7,542, valued at approximately $2.36 million.
• Insider trading reports indicate significant sales, with Director Vagn O. Sorensen selling over 10,300 shares for about $3.4 million, representing a 38.57% decrease in his ownership.
• Royal Caribbean recently declared a *quarterly dividend* of $1.00 per share, a notable increase from the previous $0.75, reflecting a *1.3% yield* and a payout ratio of 29.99%.

Stratos Wealth Partners LTD. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 30.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,542 shares of the company's stock after acquiring an additional 1,779 shares during the period. Stratos Wealth Partners LTD.'s holdings in Royal Caribbean Cruises were worth $2,362,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the first quarter valued at $25,000. Hughes Financial Services LLC acquired a new stake in Royal Caribbean Cruises in the 1st quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 87.53% of the company's stock.

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 dated Tuesday, August 19th. The stock was 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 directly owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief accounting officer 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 disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last ninety days. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $300.49 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $81.62 billion, a P/E ratio of 22.53, a PEG ratio of 0.84 and a beta of 2.08. The firm has a fifty day moving average of $329.18 and a 200-day moving average of $289.22. 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 earnings results 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 company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a dividend of $1.00 per share. 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. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises's payout ratio is presently 29.99%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RCL shares. Truist Financial decreased their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a research report on Friday, September 19th. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target on the stock. Stifel Nicolaus boosted their price objective 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. Finally, UBS Group lifted their target price on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $326.95.

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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