Ewa LLC Takes Position in Royal Caribbean Cruises Ltd. $RCL

Ewa LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 759 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RCL. Brighton Jones LLC lifted its stake in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the period. NBC Securities Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at about $510,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 36.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,824 shares of the company’s stock valued at $2,429,000 after purchasing an additional 3,176 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Royal Caribbean Cruises by 8.2% during the 1st quarter. Annex Advisory Services LLC now owns 1,018 shares of the company’s stock valued at $209,000 after purchasing an additional 77 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at about $274,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $316.38 on Thursday. The firm has a market cap of $85.94 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.91 and a beta of 2.09. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The business’s fifty day simple moving average is $332.92 and its two-hundred day simple moving average is $280.14.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Analysts predict 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 will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is presently 29.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RCL shares. Citigroup upped their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 target price for the company. Truist Financial reduced their target price 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. Susquehanna reissued a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Insider Buying and Selling

In other news, Director Vagn O. Sorensen sold 10,300 shares of the business’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 value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company’s stock, valued at $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 sold 31,507 shares of company stock valued at $10,091,282 over the last quarter. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises 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.