TD Private Client Wealth LLC Has $740,000 Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• TD Private Client Wealth LLC increased its holdings in Royal Caribbean Cruises Ltd. by 222.2% in Q2, owning 2,362 shares valued at $740,000.
• The company recently raised its quarterly dividend from $0.75 to $1.00 per share, indicating confidence in its financial health.
• Royal Caribbean Cruises had strong Q2 earnings, reporting $4.38 EPS, exceeding analysts' expectations and reflecting a 10.4% revenue increase year-over-year.

TD Private Client Wealth LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 222.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,362 shares of the company's stock after buying an additional 1,629 shares during the quarter. TD Private Client Wealth LLC's holdings in Royal Caribbean Cruises were worth $740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carr Financial Group Corp acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth about $222,000. Public Employees Retirement System of Ohio raised its stake in shares of Royal Caribbean Cruises by 7.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 78,664 shares of the company's stock worth $24,633,000 after purchasing an additional 5,653 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Royal Caribbean Cruises by 9.4% during the 2nd quarter. Ballentine Partners LLC now owns 5,408 shares of the company's stock worth $1,693,000 after purchasing an additional 463 shares in the last quarter. Cigna Investments Inc. New raised its stake in shares of Royal Caribbean Cruises by 3.5% during the 2nd quarter. Cigna Investments Inc. New now owns 2,511 shares of the company's stock worth $787,000 after purchasing an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Royal Caribbean Cruises by 26.8% during the 2nd quarter. Fifth Third Bancorp now owns 19,699 shares of the company's stock worth $6,169,000 after acquiring an additional 4,165 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares of the company's stock, valued at $5,414,966.28. The trade was a 38.57% 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 in the last 90 days. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $326.50 on Friday. The firm has a market cap of $88.69 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 0.91 and a beta of 2.12. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The business's fifty day moving average is $334.54 and its 200 day moving average is $277.81. 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 posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the business earned $3.21 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. 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 predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, September 25th. This represents a $4.00 annualized dividend 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 dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of research reports. TD Cowen initiated coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective on the stock. UBS Group upped their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Loop Capital reiterated a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Barclays increased their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.

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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