Royal Caribbean Cruises Ltd. $RCL Shares Sold by CVA Family Office LLC

CVA Family Office LLC decreased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 24.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 700 shares of the company’s stock after selling 224 shares during the period. CVA Family Office LLC’s holdings in Royal Caribbean Cruises were worth $219,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after buying an additional 143 shares during the period. GAMMA Investing LLC boosted its holdings in Royal Caribbean Cruises by 8.3% in the first quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after acquiring an additional 528 shares during the last quarter. Moran Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the first quarter valued at $202,000. Golden State Wealth Management LLC grew its position in Royal Caribbean Cruises by 124.5% during the first quarter. Golden State Wealth Management LLC now owns 1,183 shares of the company’s stock valued at $243,000 after acquiring an additional 656 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Royal Caribbean Cruises by 41.6% during the first quarter. Sequoia Financial Advisors LLC now owns 22,869 shares of the company’s stock worth $4,698,000 after acquiring an additional 6,722 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the 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 transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’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 transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares of the company’s stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock worth $10,091,282 in the last 90 days. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $316.59 on Friday. The firm has a fifty day simple moving average of $329.49 and a 200-day simple moving average of $293.16. The company has a market capitalization 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 twelve month low of $164.01 and a twelve 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 released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion for 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 firm’s quarterly 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. Equities research analysts anticipate 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 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 an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Saturday. Jefferies Financial Group upped their price target 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. Finally, JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $332.14.

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.