Royal Caribbean Cruises Ltd. $RCL Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,596 shares of the company’s stock after selling 22,579 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of Royal Caribbean Cruises worth $90,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. CX Institutional grew its stake in shares of Royal Caribbean Cruises by 1.4% in the second quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after buying an additional 34 shares in the last quarter. Tritonpoint Wealth LLC grew its stake in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after buying an additional 38 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after buying an additional 39 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Royal Caribbean Cruises by 0.8% in the second quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock valued at $1,573,000 after buying an additional 41 shares in the last quarter. Finally, Ignite Planners LLC grew its stake in shares of Royal Caribbean Cruises by 2.7% in the second quarter. Ignite Planners LLC now owns 1,614 shares of the company’s stock valued at $505,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock valued at $10,091,282 in the last ninety days. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.4%

Shares of NYSE RCL opened at $305.83 on Tuesday. The company has a market capitalization of $83.07 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The business has a 50-day moving average of $329.41 and a two-hundred day moving average of $286.35. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RCL. Jefferies Financial Group lifted their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, July 7th. Bank of America lifted their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. 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’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

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.