ProShare Advisors LLC Grows Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

ProShare Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,839 shares of the company’s stock after purchasing an additional 3,435 shares during the quarter. ProShare Advisors LLC’s holdings in Royal Caribbean Cruises were worth $15,293,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after buying an additional 602,447 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Royal Caribbean Cruises by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock worth $945,150,000 after acquiring an additional 27,220 shares during the last quarter. Nuveen LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Royal Caribbean Cruises by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock worth $273,786,000 after purchasing an additional 59,743 shares during the last quarter. Finally, National Pension Service raised its stake in Royal Caribbean Cruises by 14.9% during the first quarter. National Pension Service now owns 992,579 shares of the company’s stock worth $203,915,000 after purchasing an additional 128,530 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Susquehanna set a $350.00 target price on Royal Caribbean Cruises and gave the stock a “positive” rating in a research report on Thursday, October 30th. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective 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. Barclays decreased their target price on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Mizuho cut their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. 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 MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $326.86.

Royal Caribbean Cruises Trading Down 0.5%

NYSE RCL opened at $263.69 on Wednesday. The company’s fifty day simple moving average is $312.19 and its 200-day simple moving average is $300.86. The stock has a market cap of $71.91 billion, a P/E ratio of 17.73, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

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 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 company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the prior year, the company posted $5.20 EPS. 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 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.5%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction dated 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 transaction, the director directly owned 16,407 shares in the company, valued at $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 currently owned by 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.