Kiker Wealth Management LLC Reduces Holdings in Royal Caribbean Cruises Ltd. $RCL

Kiker Wealth Management LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 93.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 510 shares of the company’s stock after selling 6,743 shares during the quarter. Kiker Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after buying an additional 602,447 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after buying an additional 535,043 shares during the last quarter. Nuveen LLC bought a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Royal Caribbean Cruises by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock worth $273,786,000 after acquiring an additional 59,743 shares during the period. Finally, National Pension Service raised its stake in Royal Caribbean Cruises by 14.9% during the 1st quarter. National Pension Service now owns 992,579 shares of the company’s stock worth $203,915,000 after acquiring an additional 128,530 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.4%

Royal Caribbean Cruises stock opened at $305.83 on Tuesday. The stock has a market cap of $83.07 billion, a P/E ratio of 22.93, a PEG 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 Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm’s 50 day moving average price is $329.41 and its 200-day moving average price is $286.35.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the company posted $3.21 EPS. The business’s revenue 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. On average, equities analysts predict 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 issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% 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 worth $10,091,282 in the last three months. Insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein raised 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 note on Wednesday, July 2nd. UBS Group raised their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Susquehanna restated a “positive” rating and set a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Finally, Bank of America raised their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. One investment 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.95.

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.