Greenleaf Trust Has $1.58 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Greenleaf Trust lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.2% during the second quarter, Holdings Channel reports. The fund owned 5,059 shares of the company’s stock after selling 703 shares during the period. Greenleaf Trust’s holdings in Royal Caribbean Cruises were worth $1,584,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Revisor Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $1,525,000. Brown Miller Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the first quarter valued at $266,000. Florida Financial Advisors LLC boosted its holdings in Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock valued at $402,000 after acquiring an additional 914 shares during the last quarter. Roberts Capital Advisors LLC acquired a new stake in Royal Caribbean Cruises in the first quarter worth about $572,000. Finally, Vanguard Group Inc. increased its position in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after purchasing an additional 602,447 shares during the period. 87.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RCL. Susquehanna reiterated a “positive” rating and set a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Sanford C. Bernstein raised their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Truist Financial lowered their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Bank of America increased their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Price Performance

RCL opened at $316.38 on Thursday. The stock has a market cap of $85.94 billion, a P/E ratio of 23.72, a P/E/G ratio of 0.91 and a beta of 2.09. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a fifty day simple moving average of $332.92 and a 200 day simple moving average of $280.14.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the firm earned $3.21 earnings per share. The company’s 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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued 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 is Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

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.