Royal Caribbean Cruises Ltd. $RCL Stock Holdings Trimmed by CVA Family Office LLC

CVA Family Office LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 24.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 700 shares of the company’s stock after selling 224 shares during the quarter. CVA Family Office LLC’s holdings in Royal Caribbean Cruises were worth $219,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RCL. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. 1 North Wealth Services LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $32,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.1%

Shares of Royal Caribbean Cruises stock opened at $316.59 on Friday. The business has a fifty day simple moving average of $329.49 and a 200-day simple moving average of $293.16. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The firm has a market cap of $85.99 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.95 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 (NYSE:RCL) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the business earned $3.21 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.99%.

Analyst Ratings Changes

RCL has been the subject of a number of analyst reports. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. UBS Group increased their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Jefferies Financial Group upped their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Finally, TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.14.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $4,976,320.00. Following 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 90 days, insiders have sold 31,507 shares of company stock valued at $10,091,282. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises 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.