Royal Caribbean Cruises Ltd. $RCL Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,317,996 shares of the company’s stock after purchasing an additional 284,037 shares during the period. Invesco Ltd. owned 1.22% of Royal Caribbean Cruises worth $1,038,997,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Royal Caribbean Cruises in the second quarter worth $31,000. 1 North Wealth Services LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at $31,000. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Caribbean Cruises during the second quarter valued at about $32,000. Finally, Financial Gravity Companies Inc. bought a new stake in Royal Caribbean Cruises during the second quarter worth approximately $38,000. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s 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 completion of the sale, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $265.19 on Wednesday. The company’s fifty day moving average is $288.43 and its two-hundred day moving average is $303.68. The company has a market cap of $72.32 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate 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 was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 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 business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. 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 1.5%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RCL. Mizuho lowered their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. JPMorgan Chase & Co. dropped their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research report on Thursday, October 30th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Finally, Wall Street Zen cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $326.09.

Royal Caribbean Cruises 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.