Thoroughbred Financial Services LLC Buys Shares of 665 Royal Caribbean Cruises Ltd. $RCL

Thoroughbred Financial Services LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 665 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of RCL. Fusion Capital LLC purchased a new stake in Royal Caribbean Cruises during the second quarter worth $249,000. Creative Planning raised its position in shares of Royal Caribbean Cruises by 7.3% in the 2nd quarter. Creative Planning now owns 54,062 shares of the company’s stock worth $16,929,000 after acquiring an additional 3,668 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Royal Caribbean Cruises by 8.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,273 shares of the company’s stock worth $19,187,000 after purchasing an additional 4,650 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Royal Caribbean Cruises by 15.7% during the second quarter. Foundations Investment Advisors LLC now owns 3,118 shares of the company’s stock valued at $976,000 after purchasing an additional 424 shares in the last quarter. Finally, Evolution Wealth Advisors LLC boosted its position in Royal Caribbean Cruises by 6.6% during the second quarter. Evolution Wealth Advisors LLC now owns 3,951 shares of the company’s stock valued at $1,237,000 after purchasing an additional 245 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 2.0%

NYSE:RCL opened at $251.69 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a market cap of $68.64 billion, a PE ratio of 16.93, a P/E/G ratio of 0.84 and a beta of 2.04. The company’s 50 day moving average is $302.30 and its two-hundred day moving average is $302.07.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) 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 business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the company posted $5.20 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Stifel Nicolaus cut their price target on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

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.