Royal Caribbean Cruises Ltd. $RCL Shares Sold by Burney Co.

Burney Co. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 846 shares of the company’s stock after selling 200 shares during the quarter. Burney Co.’s holdings in Royal Caribbean Cruises were worth $265,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

RCL has been the subject of several research reports. Barclays reduced their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Truist Financial reduced 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. UBS Group upped their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. Tigress Financial raised their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. One equities 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.86.

Insiders Place Their Bets

In related news, Director Vagn O. Sorensen sold 10,300 shares of the 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 sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.2%

Shares of NYSE RCL opened at $253.65 on Friday. 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 one year low of $164.01 and a one year high of $366.50. The business has a 50-day moving average price of $318.09 and a two-hundred day moving average price of $298.33. The firm has a market capitalization of $69.17 billion, a PE ratio of 17.06, a PEG ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate of $5.68 by $0.07. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

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.