TruWealth Advisors LLC Acquires New Shares in Royal Caribbean Cruises Ltd. $RCL

Key Points

• TruWealth Advisors LLC acquired 838 shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) valued at approximately $262,000, indicating growing institutional interest in the company.
• Royal Caribbean recently announced a quarterly dividend increase to $1.00 per share, representing a dividend yield of 1.2%, up from the previous $0.75.
• The company's latest earnings report showed an EPS of $4.38, exceeding analyst estimates and contributing to a positive outlook for FY 2025 with guidance set at $15.410-15.550 EPS.

TruWealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 838 shares of the company's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RCL. Nuveen LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $358,614,000. GAMMA Investing LLC boosted its position in Royal Caribbean Cruises by 22,154.9% during the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after acquiring an additional 1,404,622 shares during the period. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Bank of New York Mellon Corp boosted its position in Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after acquiring an additional 535,043 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in Royal Caribbean Cruises by 179.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company's stock worth $132,550,000 after acquiring an additional 414,100 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of analyst reports. Citigroup boosted their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Truist Financial set a $337.00 price target on Royal Caribbean Cruises in a research report on Wednesday, July 30th. Barclays boosted their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen lowered Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Finally, Jefferies Financial Group boosted their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $327.14.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the company'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 of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the company'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 transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 over the last three months. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Down 3.7%

Shares of Royal Caribbean Cruises stock opened at $337.20 on Monday. The stock's fifty day moving average is $337.06 and its 200-day moving average is $271.34. The firm has a market capitalization of $91.59 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.95 and a beta of 2.12. 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 12-month low of $164.01 and a 12-month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results 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. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share 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. Stockholders of record on Thursday, September 25th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, September 25th. Royal Caribbean Cruises's payout ratio is presently 22.49%.

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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