Nordea Investment Management AB Sells 260 Shares of Royal Caribbean Cruises Ltd. $RCL

Nordea Investment Management AB decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,212 shares of the company’s stock after selling 260 shares during the quarter. Nordea Investment Management AB’s holdings in Royal Caribbean Cruises were worth $48,863,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after purchasing an additional 535,043 shares in the last quarter. Nuveen LLC bought a new position in Royal Caribbean Cruises in the first quarter worth $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Royal Caribbean Cruises by 4.7% in 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 acquiring an additional 59,743 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Royal Caribbean Cruises by 14.9% in the first quarter. National Pension Service now owns 992,579 shares of the company’s stock worth $203,915,000 after acquiring an additional 128,530 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 Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the transaction, the director owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction dated Wednesday, July 30th. The shares were 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Up 0.7%

Royal Caribbean Cruises stock opened at $300.49 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The stock has a market capitalization of $81.62 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 0.84 and a beta of 2.08. The business’s fifty day moving average is $329.18 and its 200 day moving average is $288.52.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the firm posted $3.21 earnings per share. Royal Caribbean Cruises’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. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS 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. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

Analyst Ratings Changes

A number of research firms have recently commented on RCL. Barclays increased their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group increased their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. 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.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $326.95.

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.