Royal Caribbean Cruises Ltd. $RCL Stock Holdings Increased by Legal & General Group Plc

Legal & General Group Plc grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,353,295 shares of the company’s stock after purchasing an additional 162,133 shares during the period. Legal & General Group Plc owned about 0.50% of Royal Caribbean Cruises worth $423,771,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RCL. Nuveen LLC acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $358,614,000. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock valued at $9,270,252,000 after buying an additional 929,414 shares during the period. Bessemer Group Inc. lifted its position in Royal Caribbean Cruises by 7,971.4% in the 2nd quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock worth $169,165,000 after buying an additional 533,529 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Royal Caribbean Cruises by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after buying an additional 415,230 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Royal Caribbean Cruises by 179.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock valued at $132,550,000 after acquiring an additional 414,100 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction on 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 owned 14,234 shares in the company, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Up 4.4%

Shares of Royal Caribbean Cruises stock opened at $263.82 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company’s fifty day simple moving average is $297.17 and its 200-day simple moving average is $301.65. The company has a market cap of $71.95 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.84 and a beta of 2.04. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results 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. The firm 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 business’s revenue was up 5.2% on a year-over-year basis. During the same period 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. Q4 2025 guidance at 2.740-2.790 EPS. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Mizuho cut their price objective on shares of 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. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, UBS Group cut their target price on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

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.