Mezzasalma Advisors LLC Has $7.93 Million Stake in Royal Caribbean Cruises Ltd. $RCL

Mezzasalma Advisors LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,321 shares of the company’s stock after purchasing an additional 167 shares during the period. Royal Caribbean Cruises comprises approximately 2.4% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 12th largest position. Mezzasalma Advisors LLC’s holdings in Royal Caribbean Cruises were worth $7,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. 1 North Wealth Services LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $32,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $25,000. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises 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 completion of the transaction, the director owned 150,291 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 over the last quarter. Insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RCL. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Bank of America lifted 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. Citigroup upped their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. One 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Royal Caribbean Cruises Trading Up 0.7%

Shares of RCL stock opened at $300.49 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The stock has a market cap of $81.62 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 0.84 and a beta of 2.08. The stock has a 50-day moving average of $329.18 and a 200-day moving average of $288.52.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. 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, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

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