Moran Wealth Management LLC Buys 311 Shares of Royal Caribbean Cruises Ltd. $RCL

Moran Wealth Management LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 31.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,293 shares of the company’s stock after acquiring an additional 311 shares during the quarter. Moran Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $405,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Revisor Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at about $1,525,000. Florida Financial Advisors LLC lifted its position in Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock valued at $402,000 after acquiring an additional 914 shares in the last quarter. Roberts Capital Advisors LLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at about $572,000. Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Finally, Western Financial Corp CA lifted its position in Royal Caribbean Cruises by 25.0% in the 1st quarter. Western Financial Corp CA now owns 8,615 shares of the company’s stock valued at $1,770,000 after acquiring an additional 1,725 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 3.9%

Shares of RCL stock opened at $299.10 on Friday. The company has a 50 day moving average of $329.19 and a 200-day moving average of $287.35. 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 12-month low of $164.01 and a 12-month high of $366.50. The firm 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.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for 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%. Royal Caribbean Cruises’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors 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 of this dividend 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%.

Wall Street Analysts Forecast Growth

RCL has been the topic of several recent research reports. UBS Group raised their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Truist Financial decreased their price objective on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research note on Friday, September 19th. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and issued a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Finally, William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Insider Buying and Selling

In related news, 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 value of $4,976,320.00. Following the sale, the director 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly 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. In the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is 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.