Dorsey Wright & Associates Boosts Stake in Royal Caribbean Cruises Ltd. $RCL

Dorsey Wright & Associates increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,988 shares of the company’s stock after acquiring an additional 1,826 shares during the period. Royal Caribbean Cruises makes up about 1.6% of Dorsey Wright & Associates’ portfolio, making the stock its 19th largest holding. Dorsey Wright & Associates’ holdings in Royal Caribbean Cruises were worth $6,572,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC boosted its position in Royal Caribbean Cruises by 27.1% during the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock worth $43,000 after purchasing an additional 29 shares in the last quarter. Prosperity Financial Group Inc. raised its stake in shares of Royal Caribbean Cruises by 0.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after buying an additional 32 shares during the period. Westside Investment Management Inc. lifted its position in shares of Royal Caribbean Cruises by 29.1% during the 2nd quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock valued at $45,000 after buying an additional 32 shares in the last quarter. CX Institutional grew its stake in Royal Caribbean Cruises by 1.4% in the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after acquiring an additional 34 shares during the period. Finally, Tritonpoint Wealth LLC grew its stake in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. TD Cowen began 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 for the company. Bank of America raised their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, Stifel Nicolaus reduced their target price on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $326.82.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $251.69 on Wednesday. The company has a market cap of $68.64 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company’s 50-day moving average price is $302.30 and its 200-day moving average price is $302.07. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

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 the consensus estimate of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is 26.90%.

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.