VestGen Investment Management Has $991,000 Stock Position in Royal Caribbean Cruises Ltd. $RCL

VestGen Investment Management decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,163 shares of the company’s stock after selling 369 shares during the period. VestGen Investment Management’s holdings in Royal Caribbean Cruises were worth $991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $25,000. Hughes Financial Services LLC acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.1%

Royal Caribbean Cruises stock opened at $316.59 on Friday. The firm has a 50-day moving average of $329.49 and a 200-day moving average of $293.16. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year 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 market cap of $85.99 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 0.95 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $3.21 EPS. The company’s quarterly revenue 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. On average, equities 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. Stockholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 29.99%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Citigroup upped their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One equities research 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 company. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $332.14.

Insider Transactions at Royal Caribbean Cruises

In other news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. 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 three months. Insiders own 6.95% of the company’s stock.

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.