Royal Caribbean Cruises Ltd. $RCL Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 133,868 shares of the company’s stock after acquiring an additional 8,353 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Royal Caribbean Cruises were worth $41,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $31,000. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 1st quarter worth about $25,000. Hughes Financial Services LLC purchased a new position in Royal Caribbean Cruises during the 1st quarter valued at about $26,000. Finally, Optimum Investment Advisors acquired a new position in Royal Caribbean Cruises in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Truist Financial reduced their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Citigroup increased their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.95.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the company’s 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 completion of the sale, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm’s 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 owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 over the last 90 days. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $314.39 on Friday. The stock’s 50-day simple moving average is $331.57 and its 200-day simple moving average is $281.60. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The firm has a market capitalization of $85.40 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.90 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 earnings per share. 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, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

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

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.