Janney Montgomery Scott LLC Grows Position in Royal Caribbean Cruises Ltd. $RCL

Janney Montgomery Scott LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,162 shares of the company’s stock after buying an additional 7,210 shares during the period. Janney Montgomery Scott LLC’s holdings in Royal Caribbean Cruises were worth $13,829,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RCL. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $27,000. Optimum Investment Advisors acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction dated 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 directly owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 over the last three months. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $314.39 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The stock has a market capitalization of $85.40 billion, a P/E ratio of 23.57, a PEG ratio of 0.90 and a beta of 2.08. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The business’s fifty day moving average price is $331.57 and its 200 day moving average price is $281.60.

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

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. 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. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RCL shares. Truist Financial decreased their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a report on Friday, September 19th. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Susquehanna restated a “positive” rating and set a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Citigroup raised their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. 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. Based on data from MarketBeat, Royal Caribbean Cruises 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.