CENTRAL TRUST Co Reduces Stock Position in Royal Caribbean Cruises Ltd. $RCL

CENTRAL TRUST Co reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.6% in the second quarter, Holdings Channel.com reports. The fund owned 2,692 shares of the company’s stock after selling 222 shares during the period. CENTRAL TRUST Co’s holdings in Royal Caribbean Cruises were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nuveen LLC purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at about $358,614,000. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after buying an additional 602,447 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Royal Caribbean Cruises by 7,971.4% in the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after acquiring an additional 533,529 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in Royal Caribbean Cruises by 179.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock valued at $132,550,000 after acquiring an additional 414,100 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Royal Caribbean Cruises by 112.9% during the first quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock valued at $116,396,000 after acquiring an additional 300,232 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RCL. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. Mizuho reduced their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, Susquehanna set a $350.00 target price on Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $324.64.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated 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 directly owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $263.38 on Thursday. The business has a 50 day moving average of $310.36 and a 200 day moving average of $300.60. The company has a market capitalization of $71.83 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, 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 firm 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. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

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.