Wolff Wiese Magana LLC Raises Holdings in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Wolff Wiese Magana LLC increased its stake in Royal Caribbean Cruises Ltd. by 717.8%, holding 1,881 shares valued at approximately $589,000 after acquiring an additional 1,651 shares in Q2.
• Recent insider trading included Director Vagn O. Sorensen selling 10,300 shares for around $3.4 million, indicating a significant reduction of 38.57% in his ownership.
• Royal Caribbean Cruises declared a quarterly dividend of $1.00 per share, up from the previous $0.75, reflecting a commitment to enhance shareholder returns.

Wolff Wiese Magana LLC lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 717.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,881 shares of the company's stock after buying an additional 1,651 shares during the quarter. Wolff Wiese Magana LLC's holdings in Royal Caribbean Cruises were worth $589,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Revisor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the first quarter worth about $1,525,000. Brown Miller Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the first quarter worth about $266,000. Florida Financial Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after buying an additional 914 shares during the last quarter. Roberts Capital Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the first quarter worth about $572,000. Finally, Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after purchasing an additional 602,447 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased 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. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target 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. Barclays increased 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. Finally, Loop Capital reiterated a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and an average target price of $326.95.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $326.50 on Monday. The company has a market cap of $88.69 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 0.92 and a beta of 2.12. The stock's 50 day simple moving average is $334.54 and its 200-day simple moving average is $278.79. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. 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 (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 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 firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. 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, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 29.99%.

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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