Voya Investment Management LLC Trims Stock Position in Royal Caribbean Cruises Ltd. $RCL

Voya Investment Management LLC lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 90.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 441,681 shares of the company’s stock after selling 3,964,084 shares during the quarter. Voya Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $142,919,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. 1 North Wealth Services LLC purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. Evolution Wealth Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth about $31,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated 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 directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $287.06 on Friday. The company has a market cap of $78.28 billion, a P/E ratio of 19.30, a P/E/G ratio of 0.86 and a beta of 1.91. The firm’s 50 day moving average is $276.77 and its two-hundred day moving average is $304.78. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion during 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.20 EPS. 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 expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises declared that its board has approved a stock buyback plan on Wednesday, December 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RCL shares. Royal Bank Of Canada set a $360.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. 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. Mizuho reduced their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Citigroup reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.82.

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.