Keystone Financial Services Invests $221,000 in Royal Caribbean Cruises Ltd. $RCL

Keystone Financial Services acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 706 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds also recently bought and sold shares of RCL. Financial Gravity Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $25,000. Hughes Financial Services LLC purchased a new position in Royal Caribbean Cruises during the first quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $31,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of several recent research reports. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Finally, UBS Group upped their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.86.

Insider Activity

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 shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director directly owned 14,234 shares in the company, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Trading Up 1.0%

Shares of RCL stock opened at $256.12 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The firm has a market cap of $69.85 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The company has a 50-day moving average of $315.95 and a two-hundred day moving average of $298.79. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate 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 net margin of 23.33% and a return on equity of 44.68%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $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, analysts predict 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 issued a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

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.