AdvisorShares Investments LLC Has $127,000 Stake in Royal Caribbean Cruises Ltd. $RCL

AdvisorShares Investments LLC decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 42.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 404 shares of the company’s stock after selling 296 shares during the quarter. AdvisorShares Investments LLC’s holdings in Royal Caribbean Cruises were worth $127,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Strs Ohio boosted its holdings in shares of Royal Caribbean Cruises by 37.4% during the 2nd quarter. Strs Ohio now owns 176,276 shares of the company’s stock valued at $55,199,000 after acquiring an additional 48,025 shares in the last quarter. Adell Harriman & Carpenter Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $240,000. Amalgamated Bank boosted its holdings in shares of Royal Caribbean Cruises by 12.6% during the 2nd quarter. Amalgamated Bank now owns 55,122 shares of the company’s stock valued at $17,261,000 after acquiring an additional 6,151 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $238,000. Finally, Assetmark Inc. boosted its holdings in shares of Royal Caribbean Cruises by 5.6% during the 2nd quarter. Assetmark Inc. now owns 124,014 shares of the company’s stock valued at $38,834,000 after acquiring an additional 6,546 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 1.7%

Shares of NYSE:RCL opened at $284.69 on Friday. The company has a market capitalization of $77.33 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 0.84 and a beta of 2.08. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The business’s 50-day moving average is $326.81 and its 200-day moving average is $295.75. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.99%.

Analysts Set New Price Targets

Several brokerages have commented on RCL. Bank of America lifted their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Susquehanna set a $350.00 target price on Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. TD Cowen began coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $325.29.

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.