Vanguard Personalized Indexing Management LLC Purchases 4,558 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Royal Caribbean Cruises Ltd. by 12.9%, acquiring an additional 4,558 shares, bringing its total holdings to 39,766 shares valued at approximately $12.45 million.
• Royal Caribbean Cruises recently declared a quarterly dividend of $1.00 per share, a significant increase from its previous dividend of $0.75, reflecting a growing return to investors.
• Despite fluctuations, analysts show a positive outlook for Royal Caribbean, with multiple firms projecting a target price increase, including UBS's adjustment from $311 to $353.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,766 shares of the company's stock after purchasing an additional 4,558 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Royal Caribbean Cruises were worth $12,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in Royal Caribbean Cruises during the 1st quarter worth about $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises during the 1st quarter worth about $26,000. Opal Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $27,000. Optimum Investment Advisors bought a new stake in Royal Caribbean Cruises during the 1st quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $31,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $304.66 on Monday. 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 stock has a 50 day simple moving average of $329.61 and a 200 day simple moving average of $285.66. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The firm has a market capitalization of $82.75 billion, a PE ratio of 22.84, a P/E/G 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 return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the firm earned $3.21 EPS. Royal Caribbean Cruises's quarterly revenue 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. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is 29.99%.

Insider Activity

In related news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director 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 worth $10,091,282 over the last ninety days. Insiders own 6.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RCL. Truist Financial decreased their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating for the company in a research report on Friday, September 19th. UBS Group boosted their target price 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. Susquehanna restated a "positive" rating and set a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. TD Cowen began coverage on Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price for the company. Finally, Bank of America boosted their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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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