Commerzbank Aktiengesellschaft FI Makes New $605,000 Investment in Royal Caribbean Cruises Ltd. $RCL

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,931 shares of the company’s stock, valued at approximately $605,000.

A number of other institutional investors have also recently bought and sold shares of RCL. Nuveen LLC acquired a new stake in Royal Caribbean Cruises during the 1st quarter worth about $358,614,000. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Bank of New York Mellon Corp boosted its position in Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after acquiring an additional 535,043 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in Royal Caribbean Cruises by 179.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after acquiring an additional 414,100 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Royal Caribbean Cruises by 112.9% during the 1st quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock worth $116,396,000 after acquiring an additional 300,232 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 0.8%

Shares of RCL stock opened at $304.66 on Friday. The stock’s 50 day simple moving average is $329.61 and its 200 day simple moving average is $284.74. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a market capitalization of $82.75 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.86 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business earned $3.21 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.99%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RCL. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. Citigroup lifted their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Truist Financial reduced their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Sanford C. Bernstein lifted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Insiders Place Their Bets

In other Royal Caribbean Cruises 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 value of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares of the company’s stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 in the last three months. Company insiders own 6.95% of the company’s stock.

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.