E Fund Management Hong Kong Co. Ltd. Invests $83,000 in Royal Caribbean Cruises Ltd. $RCL

E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 264 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth about $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises in the first quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises in the second quarter valued at about $27,000. Optimum Investment Advisors bought a new stake in Royal Caribbean Cruises in the first quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises in the second quarter valued at about $31,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 2.1%

Shares of NYSE RCL opened at $308.23 on Thursday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company has a market cap of $83.72 billion, a PE ratio of 23.11, a P/E/G ratio of 0.88 and a beta of 2.08. The company has a 50-day moving average of $330.00 and a two-hundred day moving average of $283.63. 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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.21 earnings per share. 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 analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares of the company’s stock, valued at $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 31,507 shares of company stock worth $10,091,282 over the last quarter. 6.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RCL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Bank of America upped their target price 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. Finally, Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

About Royal Caribbean Cruises

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.