Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 312.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,550 shares of the company’s stock after acquiring an additional 4,203 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $1,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares in the last quarter. World Investment Advisors raised its stake in Royal Caribbean Cruises by 23.9% during the first quarter. World Investment Advisors now owns 1,685 shares of the company’s stock valued at $346,000 after buying an additional 325 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Royal Caribbean Cruises by 6.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 316,508 shares of the company’s stock worth $65,023,000 after buying an additional 18,644 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Royal Caribbean Cruises by 14.4% during the 1st quarter. TD Private Client Wealth LLC now owns 733 shares of the company’s stock worth $151,000 after buying an additional 92 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Royal Caribbean Cruises by 6.4% in the 1st quarter. M&T Bank Corp now owns 14,932 shares of the company’s stock worth $3,068,000 after acquiring an additional 895 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, 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 transaction of $309,936.00. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the business’s 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 transaction, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.86.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $256.12 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. The stock has a market capitalization of $69.85 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The stock’s fifty day moving average is $315.95 and its two-hundred day moving average is $298.79.

Royal Caribbean Cruises (NYSE:RCL) last released 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. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the firm earned $5.20 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.6%. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

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.