Diligent Investors LLC Acquires New Position in Royal Caribbean Cruises Ltd. $RCL

Diligent Investors LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 650 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors also recently made changes to their positions in RCL. CX Institutional grew its position in shares of Royal Caribbean Cruises by 1.4% during the second quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after acquiring an additional 34 shares during the last quarter. Tritonpoint Wealth LLC grew its position in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock worth $1,422,000 after purchasing an additional 38 shares during the last quarter. Fulton Bank N.A. grew its position in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock worth $1,573,000 after purchasing an additional 41 shares during the last quarter. Okabena Investment Services Inc. grew its position in Royal Caribbean Cruises by 0.9% in the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company’s stock worth $1,026,000 after purchasing an additional 44 shares during the last quarter. Finally, CWM LLC grew its position in Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company’s stock worth $2,633,000 after purchasing an additional 45 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 in the last quarter. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Down 1.8%

Shares of NYSE:RCL opened at $314.39 on Friday. The stock has a market capitalization of $85.40 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 0.88 and a beta of 2.08. 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 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a 50 day moving average price of $331.57 and a 200 day moving average price of $282.06.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $3.21 earnings per share. 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, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be given a $1.00 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Barclays increased their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Sanford C. Bernstein raised their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price objective on the stock. Finally, Tigress Financial increased their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. One 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 has a consensus rating of “Moderate Buy” and an average target price of $326.95.

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.