ASR Vermogensbeheer N.V. Has $7.69 Million Stake in Royal Caribbean Cruises Ltd. $RCL

ASR Vermogensbeheer N.V. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.1% during the 2nd quarter, Holdings Channel reports. The fund owned 24,547 shares of the company’s stock after acquiring an additional 1,409 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Royal Caribbean Cruises were worth $7,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $358,614,000. Vanguard Group Inc. lifted 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 in the last quarter. Bank of New York Mellon Corp grew its position in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock valued at $614,487,000 after purchasing an additional 535,043 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Royal Caribbean Cruises by 179.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock valued at $132,550,000 after purchasing an additional 414,100 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Royal Caribbean Cruises by 112.9% during the first quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock worth $116,396,000 after buying an additional 300,232 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 sale, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last ninety days. 6.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RCL shares. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein lifted their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Bank of America increased their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group raised their target price on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Royal Caribbean Cruises Trading Up 1.3%

NYSE:RCL opened at $320.10 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The firm has a market cap of $86.95 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 0.89 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The firm has a 50-day moving average price of $332.33 and a two-hundred day moving average price of $280.84.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be paid a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

Royal Caribbean Cruises 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.