Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,556 shares of the company’s stock after purchasing an additional 12,475 shares during the period. Asset Management One Co. Ltd. owned about 0.07% of Royal Caribbean Cruises worth $56,539,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. FSM Wealth Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 9.4% in the 2nd quarter. FSM Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $542,000 after purchasing an additional 142 shares during the last quarter. Prosperity Financial Group Inc. grew its stake in shares of Royal Caribbean Cruises by 0.5% in the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after purchasing an additional 32 shares during the last quarter. Ethic Inc. grew its stake in shares of Royal Caribbean Cruises by 14.9% in the 2nd quarter. Ethic Inc. now owns 13,273 shares of the company’s stock worth $4,108,000 after purchasing an additional 1,721 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Royal Caribbean Cruises by 24.3% in the 2nd quarter. Brookstone Capital Management now owns 3,681 shares of the company’s stock worth $1,153,000 after purchasing an additional 719 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $1,199,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $316.67 on Friday. 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 stock has a market cap of $86.02 billion, a P/E ratio of 23.74, a P/E/G ratio of 0.89 and a beta of 2.08. The firm has a 50 day simple moving average of $329.43 and a 200 day simple moving average of $291.43. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $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. 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 business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a dividend of $1.00 per share. 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%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna reissued a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $332.14.

Insider Buying and Selling

In related 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 transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by company insiders.

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.