Royal Caribbean Cruises Ltd. $RCL Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,175,668 shares of the company’s stock after selling 373,100 shares during the period. Primecap Management Co. CA owned about 1.17% of Royal Caribbean Cruises worth $994,429,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wealthspire Advisors LLC boosted its stake in Royal Caribbean Cruises by 6.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,349 shares of the company’s stock worth $735,000 after purchasing an additional 150 shares during the last quarter. Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 3.2% in the second quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock valued at $9,270,252,000 after buying an additional 929,414 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in Royal Caribbean Cruises by 21.5% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 1,843 shares of the company’s stock worth $577,000 after purchasing an additional 326 shares in the last quarter. Sykon Capital LLC purchased a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $333,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $38,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $251.69 on Wednesday. The business’s fifty day moving average price is $302.30 and its two-hundred day moving average price is $302.07. The stock has a market cap of $68.64 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the company posted $5.20 EPS. The firm’s revenue for the quarter 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. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS 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 dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RCL shares. Mizuho decreased their price objective on shares of 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. Susquehanna set a $350.00 price objective on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research note on Thursday, October 30th. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Wall Street Zen lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Tigress Financial increased their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $326.82.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises 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 completion of the sale, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was 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 the SEC website. 6.95% of the stock is owned by company insiders.

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.