Jackson Wealth Management LLC Invests $655,000 in Royal Caribbean Cruises Ltd. $RCL

Jackson Wealth Management LLC bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,024 shares of the company’s stock, valued at approximately $655,000.

A number of other hedge funds have also added to or reduced their stakes in RCL. Brighton Jones LLC grew its position in shares of Royal Caribbean Cruises by 12.2% during 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. Aberdeen Group plc lifted its position in Royal Caribbean Cruises by 106.1% during the first quarter. Aberdeen Group plc now owns 128,978 shares of the company’s stock valued at $26,170,000 after purchasing an additional 66,391 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Royal Caribbean Cruises by 26.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,174 shares of the company’s stock valued at $447,000 after purchasing an additional 459 shares during the period. Ethic Inc. increased its position in Royal Caribbean Cruises by 24.6% in the first quarter. Ethic Inc. now owns 11,552 shares of the company’s stock worth $2,404,000 after buying an additional 2,280 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in Royal Caribbean Cruises by 68.0% in the first quarter. Brooklyn Investment Group now owns 3,557 shares of the company’s stock worth $731,000 after buying an additional 1,440 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises 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 value of $309,936.00. Following the sale, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $287.23 on Tuesday. The company has a market cap of $78.33 billion, a P/E ratio of 19.32, a P/E/G ratio of 0.84 and a beta of 1.91. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The firm’s fifty day moving average is $278.28 and its two-hundred day moving average is $304.86.

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

Royal Caribbean Cruises declared that its board has authorized a share repurchase plan on Wednesday, December 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho lowered their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Jefferies Financial Group decreased their target price on shares of Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday. Citigroup reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday. UBS Group reduced their price objective on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company lowered their target price on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $325.64.

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.