Belpointe Asset Management LLC Purchases 753 Shares of Royal Caribbean Cruises Ltd. $RCL

Belpointe Asset Management LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 75.1% in the second quarter, HoldingsChannel reports. The firm owned 1,755 shares of the company’s stock after acquiring an additional 753 shares during the period. Belpointe Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 31.7% in the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company’s stock valued at $748,000 after acquiring an additional 866 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Royal Caribbean Cruises by 2.6% in the 1st quarter. Yousif Capital Management LLC now owns 33,195 shares of the company’s stock valued at $6,820,000 after acquiring an additional 840 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $1,743,000. Finally, GAMMA Investing LLC increased its holdings in shares of Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after acquiring an additional 528 shares during the period. 87.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RCL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday. Tigress Financial lifted their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, August 21st. UBS Group lifted their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. Citigroup boosted their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, TD Cowen started coverage on 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Read Our Latest Analysis on Royal Caribbean Cruises

Royal Caribbean Cruises Stock Down 0.5%

Royal Caribbean Cruises stock opened at $306.80 on Friday. 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 business’s 50-day simple moving average is $329.80 and its two-hundred day simple moving average is $284.19. The company has a market cap of $83.34 billion, a PE ratio of 23.00, a PEG ratio of 0.87 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion for 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 company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be issued a $1.00 dividend. 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. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Insider Activity

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

Royal Caribbean Cruises Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report).

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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