Royal Caribbean Cruises Ltd. $RCL Shares Bought by Strs Ohio

Strs Ohio lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 37.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 176,276 shares of the company’s stock after buying an additional 48,025 shares during the quarter. Strs Ohio owned approximately 0.06% of Royal Caribbean Cruises worth $55,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RCL. Opal Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $32,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Royal Caribbean Cruises during the 1st quarter valued at $25,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the business’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 transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 4.3%

NYSE RCL opened at $280.31 on Thursday. The company has a market cap of $76.14 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.88 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The company has a 50-day moving average of $327.62 and a 200-day moving average of $295.83.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company 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. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RCL. Stifel Nicolaus decreased their price objective on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America upped their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Jefferies Financial Group lifted their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday. Finally, UBS Group raised their target price on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.