Curio Wealth LLC Grows Holdings in Royal Caribbean Cruises Ltd. $RCL

Curio Wealth LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19,900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200 shares of the company’s stock after purchasing an additional 199 shares during the quarter. Curio Wealth LLC’s holdings in Royal Caribbean Cruises were worth $63,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Frazier Financial Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 27.1% in the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. Prosperity Financial Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 0.5% in the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after purchasing an additional 32 shares in the last quarter. CX Institutional increased its holdings in shares of Royal Caribbean Cruises by 1.4% in the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after purchasing an additional 34 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in shares of Royal Caribbean Cruises by 0.8% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after purchasing an additional 38 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 1.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the firm’s 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 transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $316.59 on Friday. The company has a market cap of $85.99 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.95 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 debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company has a 50-day simple moving average of $329.49 and a 200-day simple moving average of $292.37.

Royal Caribbean Cruises (NYSE:RCL) last issued 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 business 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%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, 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 firm 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. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises’s payout ratio is 29.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RCL shares. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Sanford C. Bernstein raised their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Citigroup raised their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Mizuho dropped their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday. One equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $332.14.

Royal Caribbean Cruises Company 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.