Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Royal Caribbean Cruises Ltd. $RCL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,273 shares of the company’s stock after acquiring an additional 4,650 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Royal Caribbean Cruises were worth $19,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after purchasing an additional 602,447 shares during the period. Geode Capital Management LLC increased its position in Royal Caribbean Cruises by 6.6% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp increased its position in Royal Caribbean Cruises by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock worth $945,150,000 after purchasing an additional 27,220 shares in the last quarter. Nuveen LLC purchased a new position in Royal Caribbean Cruises in the first quarter valued at approximately $358,614,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Royal Caribbean Cruises by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock valued at $273,786,000 after buying an additional 59,743 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RCL. 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 note on Monday, October 20th. JPMorgan Chase & Co. decreased their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Bank of America increased their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Barclays cut their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Susquehanna set a $350.00 target price on Royal Caribbean Cruises and gave the stock a “positive” rating in a research report on Thursday, October 30th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $324.64.

Insider Activity at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction 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 completion of the sale, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $252.61 on Friday. The firm has a 50-day moving average of $306.26 and a two-hundred day moving average of $301.13. 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 stock has a market cap of $68.89 billion, a P/E ratio of 16.99, a PEG ratio of 0.84 and a beta of 2.04. 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 announced its 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 return on equity of 44.68% and a net margin of 23.33%.The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company earned $5.20 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. 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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given 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 of this dividend was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

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.