Vanguard Group Inc. Has $9.27 Billion Holdings in Royal Caribbean Cruises Ltd. $RCL

Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,604,177 shares of the company’s stock after buying an additional 929,414 shares during the period. Vanguard Group Inc. owned about 10.90% of Royal Caribbean Cruises worth $9,270,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Royal Caribbean Cruises by 13.4% in the first quarter. Kingsview Wealth Management LLC now owns 1,611 shares of the company’s stock valued at $331,000 after purchasing an additional 190 shares during the period. Private Advisor Group LLC raised its position in shares of Royal Caribbean Cruises by 8.4% in the first quarter. Private Advisor Group LLC now owns 10,741 shares of the company’s stock valued at $2,207,000 after purchasing an additional 831 shares during the period. OneAscent Financial Services LLC lifted its stake in shares of Royal Caribbean Cruises by 106.5% during the 1st quarter. OneAscent Financial Services LLC now owns 2,177 shares of the company’s stock worth $449,000 after buying an additional 1,123 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Royal Caribbean Cruises by 7.8% during the 1st quarter. IFP Advisors Inc now owns 3,352 shares of the company’s stock worth $689,000 after buying an additional 242 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Up 2.0%

NYSE RCL opened at $251.69 on Wednesday. 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 company has a market cap of $68.64 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.84 and a beta of 2.04. The company has a 50 day moving average of $302.30 and a 200-day moving average of $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 issued its quarterly 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 business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, equities research 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 declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This is an increase 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 1.6%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Insider Buying and Selling

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Susquehanna set a $350.00 target price on Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. Truist Financial dropped their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. JPMorgan Chase & Co. reduced their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus lowered their price objective on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $326.82.

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.