Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Swiss National Bank

Swiss National Bank grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 773,938 shares of the company’s stock after purchasing an additional 53,600 shares during the period. Swiss National Bank owned approximately 0.28% of Royal Caribbean Cruises worth $242,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Royal Caribbean Cruises Trading Up 4.4%

NYSE:RCL opened at $263.82 on Friday. The stock has a 50-day simple moving average of $297.17 and a 200-day simple moving average of $301.65. The stock has a market cap of $71.95 billion, a P/E ratio of 17.74, a P/E/G ratio of 0.84 and a beta of 2.04. 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 0.21 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its 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 business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Insider Activity

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the 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 transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Tigress Financial boosted their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wall Street Zen downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. 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 research report on Wednesday, October 29th. Finally, Mizuho reduced their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

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.