Daymark Wealth Partners LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Daymark Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 914 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $27,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $31,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Up 0.7%

Shares of NYSE:RCL opened at $286.65 on Friday. The firm has a fifty day moving average price of $325.66 and a two-hundred day moving average price of $296.41. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The company has a market cap of $77.86 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 0.84 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the firm earned $5.20 EPS. The business’s quarterly 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. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders 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%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is 26.90%.

Analyst Upgrades and Downgrades

RCL has been the subject of several analyst reports. Tigress Financial raised their price objective 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. Truist Financial cut their price objective on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Mizuho cut their price objective on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Citigroup cut their price objective on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a report on Wednesday. Finally, UBS Group raised their price objective 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. One 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $326.86.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, 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 transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The SEC filing for this sale provides additional information. 6.95% of the stock is owned by company insiders.

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.