Cetera Investment Advisers Sells 4,207 Shares of Royal Caribbean Cruises Ltd. $RCL

Cetera Investment Advisers reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,359 shares of the company’s stock after selling 4,207 shares during the quarter. Cetera Investment Advisers’ holdings in Royal Caribbean Cruises were worth $21,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter valued at about $358,614,000. Vanguard Group Inc. lifted its position 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 valued at $5,890,943,000 after purchasing an additional 602,447 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 7,971.4% during the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after purchasing an additional 533,529 shares during the period. Geode Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises by 6.6% in the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after purchasing an additional 415,230 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Royal Caribbean Cruises by 179.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after buying an additional 414,100 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.0%

Shares of RCL opened at $251.69 on Wednesday. The firm’s 50-day moving average price is $302.30 and its 200-day moving average price is $302.07. The firm has a market capitalization of $68.64 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.84 and a beta of 2.04. 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 Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $5.16 billion. During the same period in the prior year, the firm earned $5.20 earnings per share. Royal Caribbean Cruises’s revenue 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. Sell-side analysts anticipate 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. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Analysts Set New Price Targets

RCL has been the subject of several analyst reports. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price target for the company. Susquehanna set a $350.00 target price on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday, October 30th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Wells Fargo & Company started coverage on Royal Caribbean Cruises in a research report on Tuesday. They set an “overweight” rating and a $320.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.82.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is owned by corporate insiders.

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.