Royal Caribbean Cruises Ltd. $RCL Stake Lifted by Aviva PLC

Aviva PLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,065 shares of the company’s stock after buying an additional 13,325 shares during the period. Aviva PLC owned 0.07% of Royal Caribbean Cruises worth $59,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RCL. Brighton Jones LLC lifted its position in Royal Caribbean Cruises by 12.2% in the 4th 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 last quarter. Envestnet Asset Management Inc. increased its stake in shares of Royal Caribbean Cruises by 6.3% in the first quarter. Envestnet Asset Management Inc. now owns 316,508 shares of the company’s stock valued at $65,023,000 after purchasing an additional 18,644 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Royal Caribbean Cruises by 14.4% during the first quarter. TD Private Client Wealth LLC now owns 733 shares of the company’s stock valued at $151,000 after buying an additional 92 shares during the last quarter. M&T Bank Corp boosted its position in shares of Royal Caribbean Cruises by 6.4% during the first quarter. M&T Bank Corp now owns 14,932 shares of the company’s stock worth $3,068,000 after buying an additional 895 shares during the period. Finally, Allworth Financial LP grew its holdings in Royal Caribbean Cruises by 4.6% in the 1st quarter. Allworth Financial LP now owns 4,037 shares of the company’s stock worth $853,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Mizuho lowered their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial decreased their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research report on Friday, September 19th. 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. One 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 stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.86.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $256.12 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The business’s 50-day moving average price is $315.95 and its 200 day moving average price is $299.48. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The firm has a market cap of $69.85 billion, a P/E ratio of 17.22, a PEG ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the firm posted $5.20 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. As a group, sell-side analysts predict 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. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. 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 1.6%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Insiders Place Their Bets

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the business’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 sale, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Company 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.