Pinnacle Wealth Planning Services Inc. Buys 326 Shares of Royal Caribbean Cruises Ltd. $RCL

Pinnacle Wealth Planning Services Inc. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 21.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,843 shares of the company’s stock after purchasing an additional 326 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Royal Caribbean Cruises were worth $577,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the second quarter worth approximately $31,000. 1 North Wealth Services LLC bought a new position in Royal Caribbean Cruises in the second quarter worth approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $32,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

RCL opened at $251.69 on Wednesday. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 0.84 and a beta of 2.04. The firm’s fifty day moving average price is $302.30 and its two-hundred day moving average price is $302.07.

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 analysts’ consensus estimates 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 company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the firm earned $5.20 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. 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, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RCL shares. Truist Financial lowered their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price objective for the company. Stifel Nicolaus decreased 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, October 29th. Finally, UBS Group lowered their target price on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $326.82.

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.