SteelPeak Wealth LLC Trims Position in Royal Caribbean Cruises Ltd. $RCL

SteelPeak Wealth LLC trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 46.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 935 shares of the company’s stock after selling 805 shares during the period. SteelPeak Wealth LLC’s holdings in Royal Caribbean Cruises were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RCL. CX Institutional grew its holdings in Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after acquiring an additional 34 shares in the last quarter. Tritonpoint Wealth LLC lifted its position in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after purchasing an additional 38 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Royal Caribbean Cruises by 1.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after purchasing an additional 39 shares during the last quarter. Fulton Bank N.A. lifted its position in Royal Caribbean Cruises by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock valued at $1,573,000 after purchasing an additional 41 shares during the last quarter. Finally, Okabena Investment Services Inc. raised 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 worth $1,026,000 after buying an additional 44 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company’s stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 in the last 90 days. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $306.80 on Friday. The stock has a market cap of $83.34 billion, a P/E ratio of 23.00, a PEG ratio of 0.87 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. The company has a fifty day moving average price of $329.80 and a 200 day moving average price of $284.19. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21.

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

Royal Caribbean Cruises Increases Dividend

The firm 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 is a boost 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 yield of 1.3%. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Analyst Ratings Changes

A number of research firms have commented on RCL. Sanford C. Bernstein boosted their price target on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. UBS Group lifted their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Truist Financial dropped their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. Jefferies Financial Group boosted their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Finally, Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.