TD Waterhouse Canada Inc. Decreases Stake in Royal Caribbean Cruises Ltd. $RCL

TD Waterhouse Canada Inc. reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.9% during the second quarter, HoldingsChannel reports. The fund owned 111,564 shares of the company’s stock after selling 5,728 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Royal Caribbean Cruises were worth $35,154,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Roberts Capital Advisors LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $572,000. Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Shellback Capital LP grew its position in shares of Royal Caribbean Cruises by 53.8% in the first quarter. Shellback Capital LP now owns 200,000 shares of the company’s stock valued at $41,088,000 after purchasing an additional 70,000 shares in the last quarter. WESPAC Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $522,000. Finally, Aberdeen Group plc lifted its holdings in Royal Caribbean Cruises by 6.3% during the 2nd quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock worth $42,802,000 after purchasing an additional 8,121 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RCL shares. Mizuho cut their target price on 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. Citigroup lowered their price target on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Barclays reduced their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research report on Friday, September 19th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $326.82.

Royal Caribbean Cruises Trading Up 2.0%

Shares of Royal Caribbean Cruises stock opened at $251.69 on Wednesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a market cap of $68.64 billion, a PE ratio of 16.93, a PEG ratio of 0.84 and a beta of 2.04. The company has a 50 day simple moving average of $302.30 and a two-hundred day simple moving average of $302.07.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping 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 firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the firm earned $5.20 EPS. The business’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. 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 company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is currently owned by company insiders.

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.