Texas Permanent School Fund Corp Has $5.49 Million Holdings in Royal Caribbean Cruises Ltd. $RCL

Texas Permanent School Fund Corp trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,538 shares of the company’s stock after selling 9,196 shares during the period. Texas Permanent School Fund Corp’s holdings in Royal Caribbean Cruises were worth $5,492,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RCL. Vanguard Group Inc. lifted its holdings in Royal Caribbean Cruises by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after buying an additional 929,414 shares during the period. State Street Corp raised its position in shares of Royal Caribbean Cruises by 3.3% during the second quarter. State Street Corp now owns 10,492,549 shares of the company’s stock worth $3,293,302,000 after acquiring an additional 330,770 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Royal Caribbean Cruises by 6.6% in 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 during the period. Invesco Ltd. lifted its stake in shares of Royal Caribbean Cruises by 9.4% in the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock worth $1,038,997,000 after acquiring an additional 284,037 shares during the period. Finally, Norges Bank bought a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $1,021,893,000. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Susquehanna set a $350.00 target price on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. Wells Fargo & Company cut their price target on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, Truist Financial dropped their price objective on Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating on the stock in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $325.64.

Insider Activity at Royal Caribbean Cruises

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 stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $281.83 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $277.63 and a two-hundred day simple moving average of $305.04. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The firm has a market capitalization of $76.86 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.91.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the company earned $5.20 earnings per share. The business’s 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. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 26th. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Royal Caribbean Cruises announced that its board has approved a share repurchase plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.