Royal Caribbean Cruises Ltd. $RCL Stake Lessened by Activest Wealth Management

Activest Wealth Management lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 75.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84 shares of the company’s stock after selling 256 shares during the period. Activest Wealth Management’s holdings in Royal Caribbean Cruises were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RCL. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the first quarter worth $25,000. Hughes Financial Services LLC bought a new stake in shares of Royal Caribbean Cruises in the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $27,000. Optimum Investment Advisors bought a new stake in shares of Royal Caribbean Cruises in the first quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the second quarter worth $31,000. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated 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 in the company, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $299.10 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company has a market cap of $81.24 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth 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. The firm has a fifty day moving average of $329.19 and a 200-day moving average of $287.35.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results 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. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current 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 issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is presently 29.99%.

Analyst Ratings Changes

A number of equities analysts have commented on RCL shares. Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. TD Cowen started coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective for the company. Susquehanna reaffirmed a “positive” rating and issued a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. 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 report on Friday, September 19th. Finally, Sanford C. Bernstein lifted their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.