Royal Caribbean Cruises (NYSE:RCL) Director Maritza Gomez Montiel Sells 1,100 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director directly owned 14,234 shares in the company, valued at $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded down $20.71 on Tuesday, hitting $257.09. The company’s stock had a trading volume of 3,813,347 shares, compared to its average volume of 2,407,940. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a market capitalization of $70.11 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.84 and a beta of 2.08. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The stock has a 50 day moving average of $324.33 and a 200-day moving average of $298.48.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the firm earned $5.20 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. 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, 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 was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is 26.90%.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently made changes to their positions in RCL. Florida Financial Advisors LLC boosted its position 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 buying an additional 914 shares in the last quarter. Roberts Capital Advisors LLC acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $572,000. Vanguard Group Inc. boosted 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 valued at $5,890,943,000 after buying an additional 602,447 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in Royal Caribbean Cruises by 7,890.2% in the first quarter. Cullen Frost Bankers Inc. now owns 36,675 shares of the company’s stock valued at $7,535,000 after buying an additional 36,216 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Royal Caribbean Cruises by 89.7% in the first quarter. Concurrent Investment Advisors LLC now owns 7,781 shares of the company’s stock valued at $1,599,000 after buying an additional 3,679 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RCL. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a research note on Friday. Mizuho cut their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday. Finally, Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $326.86.

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.