Royal Caribbean Cruises Ltd. $RCL Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,751 shares of the company’s stock after selling 178 shares during the period. Koshinski Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $548,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. ShoreHaven Wealth Partners LLC acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth about $227,000. Chevy Chase Trust Holdings LLC raised its position in shares of Royal Caribbean Cruises by 1.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 135,164 shares of the company’s stock worth $42,325,000 after acquiring an additional 2,309 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Royal Caribbean Cruises by 30.9% in the second quarter. Stratos Wealth Partners LTD. now owns 7,542 shares of the company’s stock worth $2,362,000 after acquiring an additional 1,779 shares during the period. Stratos Wealth Advisors LLC raised its position in shares of Royal Caribbean Cruises by 7.1% in the second quarter. Stratos Wealth Advisors LLC now owns 2,458 shares of the company’s stock worth $770,000 after acquiring an additional 162 shares during the period. Finally, Applied Finance Capital Management LLC acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth about $1,388,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of the company’s 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 completion of the sale, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 sale, the director directly owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RCL shares. Jefferies Financial Group upped their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. Sanford C. Bernstein upped their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Truist Financial reduced their price target 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. Finally, Bank of America upped their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Royal Caribbean Cruises Stock Up 0.7%

RCL opened at $300.49 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average price of $329.18 and a 200 day moving average price of $289.22. The company has a market cap of $81.62 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 0.84 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last released 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 net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The company’s revenue for the quarter 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. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

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.