Insigneo Advisory Services LLC Buys 1,729 Shares of Royal Caribbean Cruises Ltd. $RCL

Insigneo Advisory Services LLC raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 116.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,210 shares of the company’s stock after purchasing an additional 1,729 shares during the period. Insigneo Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC acquired a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new position in Royal Caribbean Cruises in the second quarter worth $32,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $38,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $255.50 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The company has a 50 day moving average price of $295.68 and a 200-day moving average price of $302.86. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The firm has a market cap of $69.68 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04.

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

Royal Caribbean Cruises Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada set a $360.00 target price on Royal Caribbean Cruises in a research report on Friday, October 31st. Barclays reduced their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. decreased their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus reduced their price target on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $326.82.

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.