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

Catalyst Capital Advisors LLC lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.0% in the second quarter, HoldingsChannel reports. The fund owned 453 shares of the company’s stock after selling 74 shares during the period. Catalyst Capital Advisors LLC’s holdings in Royal Caribbean Cruises were worth $142,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in RCL. Brighton Jones LLC boosted its position in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after acquiring an additional 143 shares during the period. GAMMA Investing LLC boosted its position in Royal Caribbean Cruises by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock worth $1,411,000 after acquiring an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Royal Caribbean Cruises by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company’s stock worth $3,624,000 after acquiring an additional 554 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,027 shares of the company’s stock valued at $7,196,000 after buying an additional 684 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Royal Caribbean Cruises by 152.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 9,241 shares of the company’s stock valued at $1,898,000 after buying an additional 5,575 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the subject of several research analyst reports. Barclays upped their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Wall Street Zen upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Susquehanna restated a “positive” rating and issued a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Citigroup upped their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $332.14.

Royal Caribbean Cruises Price Performance

RCL stock opened at $316.59 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The firm has a market capitalization of $85.99 billion, a PE ratio of 23.73, a P/E/G ratio of 0.95 and a beta of 2.08. The firm has a 50-day moving average of $329.49 and a two-hundred day moving average of $292.37.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, 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 value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares of the company’s stock, 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. Over the last ninety days, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

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.