J.W. Cole Advisors Inc. Has $3.07 Million Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

J.W. Cole Advisors Inc. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.7% during the second quarter, Holdings Channel reports. The firm owned 9,794 shares of the company’s stock after buying an additional 1,540 shares during the period. J.W. Cole Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $3,067,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in 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 buying an additional 143 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Royal Caribbean Cruises by 6.2% during the first quarter. Avantax Advisory Services Inc. now owns 14,184 shares of the company’s stock valued at $2,914,000 after acquiring an additional 822 shares during the period. TD Asset Management Inc lifted its holdings in shares of Royal Caribbean Cruises by 4.5% during the first quarter. TD Asset Management Inc now owns 95,561 shares of the company’s stock valued at $19,632,000 after acquiring an additional 4,120 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Royal Caribbean Cruises by 2.3% in the 1st quarter. Mackenzie Financial Corp now owns 131,774 shares of the company’s stock valued at $27,072,000 after purchasing an additional 2,931 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 8.9% in the 1st quarter. Foundations Investment Advisors LLC now owns 2,694 shares of the company’s stock worth $553,000 after purchasing an additional 221 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $266.13 on Thursday. The company has a 50 day moving average price of $293.45 and a 200 day moving average price of $302.83. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. 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 stock has a market capitalization of $72.58 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last 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. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date was 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 1.5%. Royal Caribbean Cruises’s dividend payout ratio is 26.90%.

Analysts Set New Price Targets

A number of research firms have commented on RCL. Barclays reduced their price target on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Royal Caribbean Cruises in a report on Tuesday, November 18th. They set an “overweight” rating and a $320.00 price target for the company. Tigress Financial boosted their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $326.82.

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.