TD Waterhouse Canada Inc. Sells 5,728 Shares of Royal Caribbean Cruises Ltd. $RCL

TD Waterhouse Canada Inc. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,564 shares of the company’s stock after selling 5,728 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Royal Caribbean Cruises were worth $35,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Royal Caribbean Cruises in the 1st quarter valued at $358,614,000. Vanguard Group Inc. lifted its stake in shares of Royal Caribbean Cruises by 3.2% in the second 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 7,971.4% during the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after buying an additional 533,529 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Royal Caribbean Cruises by 6.6% during the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after acquiring an additional 415,230 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Royal Caribbean Cruises by 179.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after acquiring an additional 414,100 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 14,234 shares in the company, valued at $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RCL has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Royal Caribbean Cruises in a research note on Tuesday. They set an “overweight” rating and a $320.00 price target for the company. Stifel Nicolaus decreased their price target on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Tigress Financial raised their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. Finally, William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

Royal Caribbean Cruises Stock Up 2.0%

RCL stock opened at $251.69 on Wednesday. The stock has a market cap of $68.64 billion, a P/E ratio of 16.93, a P/E/G 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. The stock’s fifty day simple moving average is $302.30 and its two-hundred day simple moving average is $302.07. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current 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 given 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 1.6%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

About Royal Caribbean Cruises

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.