Aberdeen Group plc Has $42.80 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Aberdeen Group plc grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,099 shares of the company’s stock after purchasing an additional 8,121 shares during the period. Aberdeen Group plc owned approximately 0.05% of Royal Caribbean Cruises worth $42,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RCL. Brighton Jones LLC raised its holdings in shares of Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC raised its holdings in shares of Royal Caribbean Cruises by 8.3% during the first quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after purchasing an additional 528 shares during the period. Fifth Third Bancorp raised its holdings in shares of Royal Caribbean Cruises by 1.2% during the first quarter. Fifth Third Bancorp now owns 15,534 shares of the company’s stock valued at $3,191,000 after purchasing an additional 178 shares during the period. CVA Family Office LLC raised its holdings in shares of Royal Caribbean Cruises by 8.3% during the first quarter. CVA Family Office LLC now owns 924 shares of the company’s stock valued at $190,000 after purchasing an additional 71 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Royal Caribbean Cruises by 3.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company’s stock valued at $3,624,000 after purchasing an additional 554 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 in the last three months. Company insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RCL. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Jefferies Financial Group upped their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Finally, Barclays upped their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. One equities research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Royal Caribbean Cruises Trading Down 0.8%

Shares of RCL stock opened at $304.66 on Monday. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company has a 50-day simple moving average of $329.61 and a two-hundred day simple moving average of $285.66. The company has a market capitalization of $82.75 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.86 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm posted $3.21 EPS. The firm’s quarterly revenue 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. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

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.