Creative Planning Grows Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Creative Planning increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,062 shares of the company’s stock after purchasing an additional 3,668 shares during the period. Creative Planning’s holdings in Royal Caribbean Cruises were worth $16,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 602,447 shares during the last quarter. Geode Capital Management LLC raised its position in Royal Caribbean Cruises by 6.6% during the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after purchasing an additional 415,230 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Royal Caribbean Cruises by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock valued at $945,150,000 after purchasing an additional 27,220 shares during the last quarter. Nuveen LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $358,614,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Royal Caribbean Cruises by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock valued at $273,786,000 after purchasing an additional 59,743 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction 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 represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on RCL shares. Stifel Nicolaus lowered their price target on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Barclays reduced their target price on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, UBS Group reduced their price objective on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. One equities 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’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $324.64.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $246.92 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The stock has a market cap of $67.34 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The firm has a 50-day moving average of $304.18 and a two-hundred day moving average of $301.92. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $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, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

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.