GAM Holding AG Sells 955 Shares of Royal Caribbean Cruises Ltd. $RCL

GAM Holding AG lowered its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,425 shares of the company’s stock after selling 955 shares during the period. GAM Holding AG’s holdings in Royal Caribbean Cruises were worth $10,467,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises in the 2nd quarter worth $31,000. 1 North Wealth Services LLC bought a new stake in Royal Caribbean Cruises in the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH bought a new stake in Royal Caribbean Cruises in the 2nd quarter worth $32,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the 1st quarter worth $25,000. Institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This trade represents a 38.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction dated 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 transaction, the director directly owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This trade represents a 9.62% 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on RCL. Stifel Nicolaus cut their price target on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho cut their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday. Finally, Barclays dropped their target price on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research report on Wednesday. One 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 stock. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $325.29.

Royal Caribbean Cruises Trading Up 1.7%

NYSE:RCL opened at $284.69 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The stock has a market cap of $77.33 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 0.84 and a beta of 2.08. The company has a 50-day moving average price of $326.81 and a 200-day moving average price of $295.75. 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 (NYSE:RCL) last issued its quarterly 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. 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 analysts’ expectations of $5.16 billion. During the same period last year, the company posted $5.20 EPS. 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. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a dividend of $1.00 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Royal Caribbean Cruises 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.