Johnson Investment Counsel Inc. Has $1.45 Million Position in Royal Caribbean Cruises Ltd. $RCL

Johnson Investment Counsel Inc. reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,617 shares of the company’s stock after selling 83 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Royal Caribbean Cruises were worth $1,446,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RCL. Brighton Jones LLC raised 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 purchasing an additional 143 shares during the period. GAMMA Investing LLC raised its stake in Royal Caribbean Cruises by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after purchasing an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Royal Caribbean Cruises by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company’s stock valued at $3,624,000 after purchasing an additional 554 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Royal Caribbean Cruises by 26.7% during the first quarter. Sound Income Strategies LLC now owns 380 shares of the company’s stock worth $78,000 after purchasing an additional 80 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Royal Caribbean Cruises by 480.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,413 shares of the company’s stock worth $496,000 after purchasing an additional 1,997 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 over the last 90 days. 6.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RCL has been the subject of several research reports. Barclays raised their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Jefferies Financial Group raised their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Tigress Financial raised their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $305.83 on Tuesday. 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 firm has a market cap of $83.07 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 0.86 and a beta of 2.08. The business’s 50-day simple moving average is $329.41 and its 200-day simple moving average is $286.35. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

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

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.