RFG Advisory LLC Has $285,000 Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

RFG Advisory LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 39.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 909 shares of the company’s stock after selling 599 shares during the quarter. RFG Advisory LLC’s holdings in Royal Caribbean Cruises were worth $285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in Royal Caribbean Cruises in the first quarter valued at about $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Optimum Investment Advisors bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Vagn O. Sorensen sold 10,300 shares of the business’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 value of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Up 0.7%

Shares of NYSE:RCL opened at $300.49 on Monday. The firm has a market cap of $81.62 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.84 and a beta of 2.08. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The business has a fifty day simple moving average of $329.18 and a 200 day simple moving average of $289.22.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on RCL. Stifel Nicolaus raised 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 report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Barclays boosted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Sanford C. Bernstein lifted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group boosted their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.