Adell Harriman & Carpenter Inc. Acquires New Position in Royal Caribbean Cruises Ltd. $RCL

Adell Harriman & Carpenter Inc. acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 767 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of RCL. Frazier Financial Advisors LLC boosted its holdings in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after acquiring an additional 29 shares during the period. Prosperity Financial Group Inc. boosted its holdings in Royal Caribbean Cruises by 0.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after acquiring an additional 32 shares during the period. CX Institutional boosted its holdings in Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after acquiring an additional 34 shares during the period. Tritonpoint Wealth LLC boosted its holdings in Royal Caribbean Cruises by 0.8% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after acquiring an additional 38 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its holdings in Royal Caribbean Cruises by 1.6% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,448 shares of the company’s stock valued at $767,000 after acquiring an additional 38 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Truist Financial dropped their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Wall Street Zen upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. UBS Group boosted their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. Tigress Financial boosted their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Citigroup reduced their price target on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating on the stock in a report on Wednesday. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $325.29.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $284.69 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The firm has a market cap of $77.33 billion, a P/E ratio of 19.15, a PEG ratio of 0.84 and a beta of 2.08. The company has a 50 day moving average of $326.81 and a 200 day moving average of $295.75. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the business earned $5.20 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is 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.