Royal Caribbean Cruises Ltd. $RCL Shares Purchased by REAP Financial Group LLC

REAP Financial Group LLC lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 191.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195 shares of the company’s stock after acquiring an additional 128 shares during the period. REAP Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RCL. Brighton Jones LLC increased its position in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the period. UMB Bank n.a. increased its position in shares of Royal Caribbean Cruises by 2.5% in the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company’s stock valued at $438,000 after acquiring an additional 52 shares during the period. Farther Finance Advisors LLC increased its position in shares of Royal Caribbean Cruises by 31.7% in the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company’s stock valued at $748,000 after acquiring an additional 866 shares during the period. Yousif Capital Management LLC increased its position in shares of Royal Caribbean Cruises by 2.6% in the 1st quarter. Yousif Capital Management LLC now owns 33,195 shares of the company’s stock valued at $6,820,000 after acquiring an additional 840 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $1,743,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday. Jefferies Financial Group increased their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, July 7th. Tigress Financial increased their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.95.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the firm’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 transaction, the director directly owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the firm’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 transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $308.23 on Thursday. The firm has a market cap of $83.72 billion, a PE ratio of 23.11, a PEG ratio of 0.88 and a beta of 2.08. The firm has a fifty day moving average of $330.00 and a 200 day moving average of $283.63. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. 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.