Atria Wealth Solutions Inc. Sells 4,341 Shares of Royal Caribbean Cruises Ltd. $RCL

Atria Wealth Solutions Inc. lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 55.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,463 shares of the company’s stock after selling 4,341 shares during the period. Atria Wealth Solutions Inc.’s holdings in Royal Caribbean Cruises were worth $1,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revisor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at about $1,525,000. Florida Financial Advisors LLC increased its position in shares of Royal Caribbean Cruises by 87.6% during the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock valued at $402,000 after purchasing an additional 914 shares during the last quarter. Roberts Capital Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at about $572,000. Vanguard Group Inc. increased its position 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 valued at $5,890,943,000 after purchasing an additional 602,447 shares during the last quarter. Finally, Western Financial Corp CA increased its position in shares of Royal Caribbean Cruises by 25.0% during the 1st quarter. Western Financial Corp CA now owns 8,615 shares of the company’s stock valued at $1,770,000 after purchasing an additional 1,725 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 in the last three months. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Up 0.7%

Royal Caribbean Cruises stock opened at $300.49 on Friday. The firm has a 50 day moving average of $329.18 and a 200 day moving average of $287.99. The firm has a market capitalization of $81.62 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 0.84 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the company posted $3.21 EPS. The firm’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, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date 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 is currently 29.99%.

Analyst Ratings Changes

Several research firms have recently commented on RCL. UBS Group upped 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. Jefferies Financial Group upped their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Barclays increased their target price 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. Susquehanna reissued a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One 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. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $326.95.

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.