Compound Global Advisors LLC Lowers Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Compound Global Advisors LLC cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 92.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 116 shares of the company’s stock after selling 1,400 shares during the quarter. Royal Caribbean Cruises comprises about 3.3% of Compound Global Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Compound Global Advisors LLC’s holdings in Royal Caribbean Cruises were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Bank of New York Mellon Corp raised its stake in Royal Caribbean Cruises by 21.8% during 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 purchasing an additional 535,043 shares during the period. Nuveen LLC acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 valued at $273,786,000 after buying an additional 59,743 shares during the period. Finally, National Pension Service grew its stake in shares of Royal Caribbean Cruises by 14.9% during the 1st quarter. National Pension Service now owns 992,579 shares of the company’s stock valued at $203,915,000 after buying an additional 128,530 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on RCL shares. Barclays increased their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. UBS Group lifted their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research note on Friday, August 8th. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Finally, Truist Financial dropped 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 research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.95.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $299.10 on Friday. The business’s 50-day simple moving average is $329.19 and its 200 day simple moving average is $287.35. The company has a market cap of $81.24 billion, a P/E ratio of 22.42, a PEG ratio of 0.87 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $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, sell-side analysts forecast 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. Investors of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 29.99%.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company’s stock, 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 accessible through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $46,743,506.82. The trade was 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 valued at $10,091,282 in the last quarter. Company insiders own 6.95% of the company’s stock.

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.