Royal Caribbean Cruises Ltd. $RCL Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 73.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,214 shares of the company’s stock after selling 91,888 shares during the period. Generate Investment Management Ltd’s holdings in Royal Caribbean Cruises were worth $10,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RCL. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock valued at $9,270,252,000 after buying an additional 929,414 shares during the period. State Street Corp lifted its stake in shares of Royal Caribbean Cruises by 3.3% in the 2nd quarter. State Street Corp now owns 10,492,549 shares of the company’s stock worth $3,293,302,000 after acquiring an additional 330,770 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 6.6% in the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after acquiring an additional 415,230 shares in the last quarter. Invesco Ltd. increased its stake in shares of Royal Caribbean Cruises by 9.4% during the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock valued at $1,038,997,000 after acquiring an additional 284,037 shares during the period. Finally, Norges Bank acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $1,021,893,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RCL. The Goldman Sachs Group cut their target price on Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Mizuho dropped their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Royal Bank Of Canada set a $360.00 target price on Royal Caribbean Cruises in a research note on Friday, October 31st. Stifel Nicolaus dropped 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 research report on Wednesday, October 29th. Finally, Citigroup reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $324.82.

Royal Caribbean Cruises Trading Down 0.4%

Shares of NYSE:RCL opened at $281.65 on Wednesday. The firm has a fifty day moving average of $274.20 and a two-hundred day moving average of $306.60. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The firm has a market capitalization of $76.81 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.91.

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

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, December 26th. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback program on Wednesday, December 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.