Baltimore Washington Financial Advisors Inc. Increases Stock Position in Royal Caribbean Cruises Ltd. $RCL

Baltimore Washington Financial Advisors Inc. lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,846 shares of the company’s stock after acquiring an additional 8,358 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $24,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth $31,000. 1 North Wealth Services LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $31,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Caribbean Cruises during the second quarter valued at $32,000. Finally, Financial Gravity Companies Inc. bought a new position in Royal Caribbean Cruises in the second quarter valued at about $38,000. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

RCL opened at $266.13 on Thursday. The company has a 50 day simple moving average of $293.45 and a two-hundred day simple moving average of $302.83. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The firm has a market cap of $72.58 billion, a P/E ratio of 17.90, 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.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date was Thursday, September 25th. 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 dividend yield of 1.5%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Analyst Ratings Changes

RCL has been the topic of several research reports. Truist Financial dropped their target price on 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. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. UBS Group reduced their target price on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Citigroup decreased their price target on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.82.

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.