Fourth Dimension Wealth LLC Has $296,000 Holdings in Royal Caribbean Cruises Ltd. $RCL

Fourth Dimension Wealth LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 530.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 946 shares of the company’s stock after buying an additional 796 shares during the quarter. Fourth Dimension Wealth LLC’s holdings in Royal Caribbean Cruises were worth $296,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. NewSquare Capital LLC boosted its stake in Royal Caribbean Cruises by 85.2% in the second quarter. NewSquare Capital LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 69 shares in the last quarter. Elyxium Wealth LLC boosted its stake in shares of Royal Caribbean Cruises by 1.4% during the second quarter. Elyxium Wealth LLC now owns 3,507 shares of the company’s stock valued at $1,098,000 after purchasing an additional 47 shares in the last quarter. Marion Wealth Management acquired a new stake in shares of Royal Caribbean Cruises during the second quarter valued at about $291,000. Bridgewater Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises during the second quarter valued at about $205,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Royal Caribbean Cruises by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock valued at $945,150,000 after purchasing an additional 27,220 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the topic of a number of recent research reports. Mizuho cut their price target on 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. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a research note on Friday. Stifel Nicolaus cut their price target on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. 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. Finally, JPMorgan Chase & Co. cut their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. 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 MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $326.86.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $257.09 on Wednesday. The stock’s 50 day moving average is $322.39 and its 200 day moving average is $298.93. 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 firm has a market cap of $70.11 billion, a P/E ratio of 17.29, a P/E/G ratio of 0.84 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 posted its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This is an increase 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 1.6%. Royal Caribbean Cruises’s dividend payout ratio is presently 26.90%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value 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. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the sale, the director 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.95% of the company’s stock.

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.