Royal Caribbean Cruises Ltd. $RCL Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 28.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,400 shares of the company’s stock after selling 1,367 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC grew its stake in shares of Royal Caribbean Cruises by 75.1% in the second quarter. Belpointe Asset Management LLC now owns 1,755 shares of the company’s stock valued at $550,000 after buying an additional 753 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Royal Caribbean Cruises by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after acquiring an additional 39 shares during the period. Knights of Columbus Asset Advisors LLC boosted its holdings in Royal Caribbean Cruises by 55.2% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 2,549 shares of the company’s stock valued at $798,000 after acquiring an additional 907 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Royal Caribbean Cruises by 7.4% during the second quarter. DAVENPORT & Co LLC now owns 1,758 shares of the company’s stock worth $550,000 after purchasing an additional 121 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of Royal Caribbean Cruises by 144.6% during the second quarter. Simplicity Wealth LLC now owns 2,879 shares of the company’s stock worth $901,000 after purchasing an additional 1,702 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Down 0.5%

RCL opened at $306.80 on Friday. The business’s 50-day simple moving average is $329.80 and its 200-day simple moving average is $284.19. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a market cap of $83.34 billion, a P/E ratio of 23.00, a PEG ratio of 0.87 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

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

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 29.99%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm’s 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 transaction, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 in the last ninety days. 6.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RCL shares. Barclays upped their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Bank of America boosted their price target 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. Truist Financial decreased their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Citigroup increased their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.95.

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.