Los Angeles Capital Management LLC Boosts Stock Position in Royal Caribbean Cruises Ltd. $RCL

Los Angeles Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7,488.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,478 shares of the company’s stock after buying an additional 87,312 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $27,706,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted 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 acquiring an additional 143 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 6.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 316,508 shares of the company’s stock worth $65,023,000 after purchasing an additional 18,644 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Royal Caribbean Cruises by 14.4% in the 1st quarter. TD Private Client Wealth LLC now owns 733 shares of the company’s stock valued at $151,000 after purchasing an additional 92 shares in the last quarter. M&T Bank Corp lifted its position in shares of Royal Caribbean Cruises by 6.4% during the first quarter. M&T Bank Corp now owns 14,932 shares of the company’s stock worth $3,068,000 after purchasing an additional 895 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Royal Caribbean Cruises by 4.6% during the first quarter. Allworth Financial LP now owns 4,037 shares of the company’s stock worth $853,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 14,234 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.0%

Shares of Royal Caribbean Cruises stock opened at $256.12 on Friday. The stock has a market capitalization of $69.85 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. The business’s 50 day simple moving average is $315.95 and its 200-day simple moving average is $299.48.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the business earned $5.20 EPS. The firm’s revenue 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 forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio is 26.90%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup lowered their price objective 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. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a report on Friday, October 31st. Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday, October 30th. Barclays reduced their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.86.

Royal Caribbean Cruises Company 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.