DekaBank Deutsche Girozentrale Increases Stock Position in Royal Caribbean Cruises Ltd. $RCL

DekaBank Deutsche Girozentrale grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,884 shares of the company’s stock after buying an additional 8,235 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Royal Caribbean Cruises were worth $17,891,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Revisor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $1,525,000. Florida Financial Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 87.6% during the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock valued at $402,000 after buying an additional 914 shares during the period. Roberts Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth $572,000. Vanguard Group Inc. boosted its position 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 purchasing an additional 602,447 shares during the period. Finally, Western Financial Corp CA boosted its position in Royal Caribbean Cruises by 25.0% during the 1st quarter. Western Financial Corp CA now owns 8,615 shares of the company’s stock worth $1,770,000 after purchasing an additional 1,725 shares during the period. 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, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Jefferies Financial Group upped their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, July 7th. Barclays boosted their price objective 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. Finally, Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $332.14.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $317.71 on Thursday. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The firm has a market capitalization of $86.30 billion, a P/E ratio of 23.82, a P/E/G ratio of 0.89 and a beta of 2.08. The company’s fifty day moving average price is $329.34 and its two-hundred day moving average price is $290.48.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 29.99%.

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.