U S Global Investors Inc. Has $2.46 Million Holdings in Royal Caribbean Cruises Ltd. $RCL

U S Global Investors Inc. raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,855 shares of the company’s stock after buying an additional 2,000 shares during the period. U S Global Investors Inc.’s holdings in Royal Caribbean Cruises were worth $2,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the second quarter valued at about $31,000. 1 North Wealth Services LLC acquired a new position in Royal Caribbean Cruises in the second quarter valued at about $31,000. Trust Co. of Toledo NA OH acquired a new position in Royal Caribbean Cruises in the second quarter valued at about $32,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the first quarter valued at about $25,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Down 0.8%

Shares of NYSE RCL opened at $304.66 on Friday. The company’s 50 day simple moving average is $329.61 and its 200 day simple moving average is $284.74. 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 capitalization of $82.75 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.86 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating 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 business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the business posted $3.21 earnings per share. Royal Caribbean Cruises’s revenue 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, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Susquehanna restated a “positive” rating and issued a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Jefferies Financial Group upped their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday. Sanford C. Bernstein upped their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Finally, TD Cowen started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.95.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were 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. This represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 over the last ninety days. Company insiders own 6.95% of the company’s stock.

About Royal Caribbean Cruises

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.