Panagora Asset Management Inc. Sells 350 Shares of Royal Caribbean Cruises Ltd. $RCL

Panagora Asset Management Inc. trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,607 shares of the company’s stock after selling 350 shares during the period. Panagora Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $29,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $32,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $38,000. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RCL shares. Citigroup decreased their price target on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Stifel Nicolaus cut their price objective 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, October 29th. UBS Group lowered their target price on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company cut their price target on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday. One 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.64.

Royal Caribbean Cruises Trading Up 0.2%

Shares of Royal Caribbean Cruises stock opened at $266.68 on Tuesday. The firm has a market cap of $72.73 billion, a PE ratio of 17.93, a P/E/G 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. 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 fifty day moving average price of $289.73 and a 200-day moving average price of $303.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $5.16 billion. During the same quarter in the prior year, the business earned $5.20 earnings per share. The firm’s revenue for the quarter 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 research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

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.