Intech Investment Management LLC Acquires 15,078 Shares of Royal Caribbean Cruises Ltd. $RCL

Intech Investment Management LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,138 shares of the company’s stock after purchasing an additional 15,078 shares during the period. Intech Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $9,068,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RCL. Brighton Jones LLC raised its stake in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after buying an additional 143 shares during the last quarter. Focus Partners Wealth increased its holdings in Royal Caribbean Cruises by 12.8% during the fourth quarter. Focus Partners Wealth now owns 10,641 shares of the company’s stock valued at $2,455,000 after buying an additional 1,211 shares during the last quarter. LMR Partners LLP bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $311,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Royal Caribbean Cruises by 16.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,750 shares of the company’s stock worth $5,940,000 after acquiring an additional 3,610 shares during the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $547,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RCL shares. TD Cowen assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. UBS Group lifted their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Bank of America increased their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.14.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $341.68 on Thursday. 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 fifty day moving average price of $336.68 and a 200 day moving average price of $269.46. Royal Caribbean Cruises Ltd. has a fifty-two week low of $156.01 and a fifty-two week high of $366.50. The firm has a market cap of $92.81 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 0.97 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be given a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. Royal Caribbean Cruises’s payout ratio is currently 22.49%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the firm’s stock in a transaction that occurred on 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 owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,507 shares of company stock valued at $10,091,282. Insiders own 6.95% of the company’s stock.

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.