Envestnet Asset Management Inc. Sells 5,479 Shares of Royal Caribbean Cruises Ltd. $RCL

Envestnet Asset Management Inc. reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 311,029 shares of the company’s stock after selling 5,479 shares during the period. Envestnet Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $97,396,000 at the end of the most recent reporting period.

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

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $280.31 on Thursday. The stock has a market cap of $76.14 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.88 and a beta of 2.08. The firm’s fifty day simple moving average is $327.62 and its 200 day simple moving average is $295.83. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month 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 released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.4%. This is an increase 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 Upgrades and Downgrades

RCL has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Sanford C. Bernstein raised their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Susquehanna restated a “positive” rating and issued a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Mizuho cut their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’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 transaction, the director directly owned 16,407 shares of the company’s stock, 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. Company insiders own 6.95% of the company’s stock.

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.