Oregon Public Employees Retirement Fund Grows Stake in Royal Caribbean Cruises Ltd. $RCL

Oregon Public Employees Retirement Fund raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 33.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,841 shares of the company’s stock after purchasing an additional 7,211 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Royal Caribbean Cruises were worth $9,332,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction 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 directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.3%

Royal Caribbean Cruises stock opened at $311.43 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The stock has a market cap of $84.93 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.94. The stock has a 50-day moving average of $272.63 and a two-hundred day moving average of $307.39. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share buyback program on Wednesday, December 10th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RCL. The Goldman Sachs Group reduced their price objective on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. UBS Group dropped their price objective on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Wells Fargo & Company reduced their target price on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, December 1st. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada set a $360.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $324.82.

About Royal Caribbean Cruises

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.