MassMutual Private Wealth & Trust FSB Acquires 192 Shares of Royal Caribbean Cruises Ltd. $RCL

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,343 shares of the company’s stock after purchasing an additional 192 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Royal Caribbean Cruises were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Revisor Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter worth approximately $1,525,000. Brown Miller Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter worth approximately $266,000. Florida Financial Advisors LLC raised its stake in Royal Caribbean Cruises by 87.6% during the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock worth $402,000 after buying an additional 914 shares during the period. Roberts Capital Advisors LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter worth approximately $572,000. Finally, Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after buying an additional 602,447 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $325.86 on Friday. The firm has a market capitalization of $88.51 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 0.91 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The stock has a fifty day moving average of $336.38 and a 200 day moving average of $273.21. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

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

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be paid a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is 22.49%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RCL shares. UBS Group upped their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Barclays increased their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Sanford C. Bernstein increased their price objective on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Loop Capital reissued a “buy” rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, Susquehanna reissued a “positive” rating and issued a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.14.

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.