WealthTrust Asset Management LLC Lowers Position in Royal Caribbean Cruises Ltd. $RCL

WealthTrust Asset Management LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,486 shares of the company’s stock after selling 230 shares during the period. Royal Caribbean Cruises makes up about 1.3% of WealthTrust Asset Management LLC’s holdings, making the stock its 16th largest holding. WealthTrust Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $1,718,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $358,614,000. Vanguard Group Inc. boosted its holdings in Royal Caribbean Cruises by 2.1% in the first 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. Bessemer Group Inc. increased its position in shares of Royal Caribbean Cruises by 7,971.4% during the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after buying an additional 533,529 shares during the period. Geode Capital Management LLC lifted its stake in shares of Royal Caribbean Cruises by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after purchasing an additional 415,230 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Royal Caribbean Cruises by 179.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after purchasing an additional 414,100 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $252.61 on Friday. The stock has a market capitalization of $68.89 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The firm has a 50-day simple moving average of $306.26 and a 200-day simple moving average of $300.54. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the business posted $5.20 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. 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 predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business 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. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.6%. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Analysts Set New Price Targets

A number of analysts have commented on RCL shares. Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the stock a “positive” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Barclays decreased their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $324.64.

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.