OMERS ADMINISTRATION Corp Purchases 2,000 Shares of Royal Caribbean Cruises Ltd. $RCL

OMERS ADMINISTRATION Corp increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,378 shares of the company’s stock after buying an additional 2,000 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Royal Caribbean Cruises were worth $6,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roberts Capital Advisors LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $572,000. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the last quarter. Shellback Capital LP lifted its holdings in shares of Royal Caribbean Cruises by 53.8% during the 1st quarter. Shellback Capital LP now owns 200,000 shares of the company’s stock worth $41,088,000 after acquiring an additional 70,000 shares during the last quarter. WESPAC Advisors LLC purchased a new position in Royal Caribbean Cruises in the second quarter worth $522,000. Finally, Aberdeen Group plc grew its position in Royal Caribbean Cruises by 6.3% in the second quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock worth $42,802,000 after acquiring an additional 8,121 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on RCL shares. UBS Group dropped their price target on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Stifel Nicolaus dropped their target price on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada set a $360.00 price objective on shares of Royal Caribbean Cruises in a report on Friday, October 31st. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.64.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.2%

NYSE:RCL opened at $266.68 on Tuesday. The firm has a market capitalization of $72.73 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.84 and a beta of 2.04. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company has a fifty day moving average of $289.73 and a 200 day moving average of $303.61. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.5%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

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.