Van Hulzen Asset Management LLC Acquires 3,999 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Van Hulzen Asset Management LLC increased its stake in Royal Caribbean Cruises by 72.7% after purchasing 3,999 additional shares, bringing its total to 9,501 shares valued at approximately $1.95 million.
• Multiple institutional investors, including Brighton Jones LLC and Stifel Financial Corp, also boosted their holdings in Royal Caribbean Cruises, indicating strong interest in the stock, which is currently over 87.53% owned by institutional investors.
• Analysts are optimistic about Royal Caribbean Cruises, with several firms raising their target prices, resulting in a consensus rating of "Moderate Buy" and an average target price of approximately $327.14.

Van Hulzen Asset Management LLC boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 72.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,501 shares of the company's stock after purchasing an additional 3,999 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Royal Caribbean Cruises were worth $1,952,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Revisor Wealth Management LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter valued at about $1,525,000. Brown Miller Wealth Management LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter valued at about $266,000. Florida Financial Advisors LLC grew its position in Royal Caribbean Cruises by 87.6% during the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock valued at $402,000 after purchasing an additional 914 shares during the last quarter. Roberts Capital Advisors LLC bought a new position in Royal Caribbean Cruises during the 1st quarter valued at about $572,000. Finally, Vanguard Group Inc. lifted its stake 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 valued at $5,890,943,000 after acquiring an additional 602,447 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price on the stock. Barclays upped their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Susquehanna restated a "positive" rating and set a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Jefferies Financial Group upped their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Finally, Sanford C. Bernstein upped their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded up $19.1890 during mid-day trading on Friday, reaching $344.2190. 2,266,960 shares of the company traded hands, compared to its average volume of 2,276,358. The company's 50 day moving average price is $319.17 and its 200-day moving average price is $260.77. The firm has a market cap of $93.50 billion, a PE ratio of 25.80, a PEG ratio of 0.97 and a beta of 2.22. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a 52 week low of $154.08 and a 52 week high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced 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 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 firm's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the 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 directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by company insiders.

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.