Forsta AP Fonden Has $27.59 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Forsta AP Fonden lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 29.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,100 shares of the company’s stock after buying an additional 20,300 shares during the period. Forsta AP Fonden’s holdings in Royal Caribbean Cruises were worth $27,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. KBC Group NV grew its stake in Royal Caribbean Cruises by 14.7% in the second quarter. KBC Group NV now owns 120,468 shares of the company’s stock valued at $37,724,000 after acquiring an additional 15,435 shares during the period. Advyzon Investment Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $222,000. Montag A & Associates Inc. bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $74,000. Vise Technologies Inc. bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $2,977,000. Finally, Compass Capital Management Inc. acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $18,853,000. 87.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RCL shares. Stifel Nicolaus dropped their price objective on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Mizuho cut 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. Susquehanna set a $350.00 price objective on Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday, October 30th. Citigroup cut their target price on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.86.

Insider Activity

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.5%

Shares of Royal Caribbean Cruises stock opened at $263.69 on Wednesday. The stock has a market cap of $71.91 billion, a P/E ratio of 17.73, a P/E/G ratio of 0.84 and a beta of 2.04. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The business’s 50 day moving average is $312.19 and its 200-day moving average is $300.86.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the company earned $5.20 earnings per share. The firm’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. Equities research 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 company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.5%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

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.