Quantum Private Wealth LLC Makes New Investment in Royal Caribbean Cruises Ltd. $RCL

Quantum Private Wealth LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, Holdings Channel reports. The fund bought 689 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Roberts Capital Advisors LLC bought a new stake in Royal Caribbean Cruises during the first quarter valued at $572,000. Vanguard Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Shellback Capital LP raised its holdings in shares of Royal Caribbean Cruises by 53.8% in the 1st quarter. Shellback Capital LP now owns 200,000 shares of the company’s stock valued at $41,088,000 after acquiring an additional 70,000 shares in the last quarter. WESPAC Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $522,000. Finally, Aberdeen Group plc grew its holdings in shares of Royal Caribbean Cruises by 6.3% during the second quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock worth $42,802,000 after purchasing an additional 8,121 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 4.4%

RCL opened at $263.82 on Friday. 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 Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The business’s 50-day moving average price is $297.17 and its 200-day moving average price is $302.18. The company has a market cap of $71.95 billion, a P/E ratio of 17.74, a P/E/G ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (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 analysts’ expectations 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 last year, the business earned $5.20 earnings per share. 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, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.5%. 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%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RCL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 18th. They issued an “overweight” rating and a $320.00 price target on the stock. Mizuho lowered their price objective on shares of 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. Barclays dropped their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Tigress Financial increased their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $326.82.

Insiders Place Their Bets

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.95% of the company’s stock.

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.