Royal Caribbean Cruises Ltd. $RCL Stock Holdings Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 36.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,117 shares of the company’s stock after purchasing an additional 830 shares during the period. Simon Quick Advisors LLC’s holdings in Royal Caribbean Cruises were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RCL. Brighton Jones LLC increased its position in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Royal Caribbean Cruises by 12.8% in the 1st quarter. Vontobel Holding Ltd. now owns 10,669 shares of the company’s stock worth $2,192,000 after purchasing an additional 1,212 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Royal Caribbean Cruises by 2,050.1% in the 1st quarter. Teacher Retirement System of Texas now owns 49,195 shares of the company’s stock worth $10,107,000 after purchasing an additional 46,907 shares during the last quarter. Conning Inc. increased its position in shares of Royal Caribbean Cruises by 5.5% in the 1st quarter. Conning Inc. now owns 1,467 shares of the company’s stock worth $301,000 after purchasing an additional 77 shares during the last quarter. Finally, Avantax Planning Partners Inc. bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth about $200,000. Institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.7%

Shares of NYSE:RCL opened at $286.65 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company’s 50-day moving average price is $325.66 and its 200 day moving average price is $296.41. The company has a market cap of $77.86 billion, a PE ratio of 19.28, a P/E/G ratio of 0.84 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Sell-side analysts anticipate 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 announced 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 represents a $4.00 dividend on an annualized basis 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 dividend payout ratio (DPR) is presently 26.90%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen initiated 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. Barclays decreased their price target on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.86.

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.