Wealthcare Advisory Partners LLC Buys 613 Shares of Royal Caribbean Cruises Ltd. $RCL

Wealthcare Advisory Partners LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,579 shares of the company’s stock after acquiring an additional 613 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Royal Caribbean Cruises were worth $3,313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RCL. Opal Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises in the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $26,000. Finally, Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $31,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, 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 value of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the transaction, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 over the last 90 days. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $314.39 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The stock has a 50-day moving average of $331.57 and a two-hundred day moving average of $282.53. The stock has a market cap of $85.40 billion, a P/E ratio of 23.57, a P/E/G ratio of 0.88 and a beta of 2.08. 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 announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $3.21 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be issued a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Tigress Financial lifted 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. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Saturday, September 27th. Jefferies Financial Group upped their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Bank of America raised their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $326.95.

About Royal Caribbean Cruises

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.