Nippon Life Global Investors Americas Inc. Acquires 11,520 Shares of Royal Caribbean Cruises Ltd. $RCL

Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,850 shares of the company’s stock after purchasing an additional 11,520 shares during the period. Royal Caribbean Cruises comprises approximately 1.7% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 20th largest holding. Nippon Life Global Investors Americas Inc.’s holdings in Royal Caribbean Cruises were worth $39,550,000 at the end of the most recent quarter.

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

Insider Transactions at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the 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 sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Price Performance

RCL stock opened at $276.06 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 firm has a 50 day moving average price of $275.12 and a 200-day moving average price of $306.92. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The firm has a market capitalization of $75.29 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.73 and a beta of 1.94.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping the consensus estimate of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.20 EPS. 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. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises announced that its board has approved a share buyback plan on Wednesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a $1.00 dividend. The ex-dividend date was Friday, December 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RCL shares. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Bank of America lifted their price objective on Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Barclays decreased their target price on Royal Caribbean Cruises from $342.00 to $324.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Friday, December 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.27.

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.