PFG Investments LLC Purchases New Holdings in Royal Caribbean Cruises Ltd. $RCL

PFG Investments LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 749 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional boosted its holdings in shares of Royal Caribbean Cruises by 1.4% in the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after buying an additional 34 shares during the last quarter. Tritonpoint Wealth LLC raised its position in Royal Caribbean Cruises by 0.8% in the second quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock worth $1,422,000 after acquiring an additional 38 shares during the period. Fulton Bank N.A. boosted its stake in Royal Caribbean Cruises by 0.8% in the second quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock valued at $1,573,000 after acquiring an additional 41 shares during the last quarter. Okabena Investment Services Inc. grew its position in shares of Royal Caribbean Cruises by 0.9% during the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company’s stock valued at $1,026,000 after acquiring an additional 44 shares during the period. Finally, CWM LLC increased its stake in shares of Royal Caribbean Cruises by 0.4% during the 1st quarter. CWM LLC now owns 12,816 shares of the company’s stock worth $2,633,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In other 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 transaction, the chief accounting officer 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 SEC, which can be accessed through the SEC website. Also, 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 value of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 in the last three months. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.9%

Shares of NYSE RCL opened at $316.84 on Tuesday. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The business has a 50-day simple moving average of $330.86 and a two-hundred day simple moving average of $283.24. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a market cap of $86.06 billion, a P/E ratio of 23.75, a P/E/G ratio of 0.88 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm posted $3.21 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RCL shares. Citigroup upped their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Jefferies Financial Group upped their price target 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. Susquehanna reiterated a “positive” rating and set a $385.00 price target (up previously from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. TD Cowen initiated coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective on the stock. Finally, Sanford C. Bernstein upped their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Royal Caribbean Cruises 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.