Resona Asset Management Co. Ltd. Lowers Stake in Royal Caribbean Cruises Ltd. $RCL

Resona Asset Management Co. Ltd. cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,687 shares of the company’s stock after selling 4,032 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $21,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC increased its position in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock worth $43,000 after purchasing an additional 29 shares in the last quarter. Prosperity Financial Group Inc. increased its position in shares of Royal Caribbean Cruises by 0.5% in the second quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after acquiring an additional 32 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Royal Caribbean Cruises by 29.1% in the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock worth $45,000 after acquiring an additional 32 shares in the last quarter. CX Institutional raised its stake in shares of Royal Caribbean Cruises by 1.4% in the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after acquiring an additional 34 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Royal Caribbean Cruises by 6.4% during the 3rd quarter. Versant Capital Management Inc now owns 562 shares of the company’s stock valued at $182,000 after acquiring an additional 34 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RCL shares. Jefferies Financial Group decreased their price target on shares of Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, December 15th. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. UBS Group lowered their target price 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. Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the stock a “positive” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Royal Caribbean Cruises in a report on Friday, December 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.68.

Royal Caribbean Cruises Stock Up 0.2%

Shares of NYSE RCL opened at $286.18 on Friday. The firm has a market cap of $78.04 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.80 and a beta of 1.94. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. 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 stock’s 50-day simple moving average is $277.02 and its 200-day simple moving average is $305.12.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating 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 analyst estimates of $5.16 billion. During the same quarter last year, the firm earned $5.20 EPS. Royal Caribbean Cruises’s quarterly 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 and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 26th. Royal Caribbean Cruises’s payout ratio is 26.90%.

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

Insider Activity

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were 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 of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.95% of the company’s stock.

About Royal Caribbean Cruises

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.