Bank of New York Mellon Corp Increases Position in Royal Caribbean Cruises Ltd. $RCL

Bank of New York Mellon Corp lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,018,299 shares of the company’s stock after purchasing an additional 27,220 shares during the period. Bank of New York Mellon Corp owned about 1.11% of Royal Caribbean Cruises worth $945,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RCL. Nuveen LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $358,614,000. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after buying an additional 602,447 shares in the last quarter. Bessemer Group Inc. increased its stake in Royal Caribbean Cruises by 7,971.4% during the 2nd quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock worth $169,165,000 after buying an additional 533,529 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Royal Caribbean Cruises by 179.2% during 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 buying an additional 414,100 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Royal Caribbean Cruises by 112.9% during the 1st quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock worth $116,396,000 after buying an additional 300,232 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.7%

RCL opened at $286.65 on Monday. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The stock has a market capitalization of $77.86 billion, a PE ratio of 19.28, a P/E/G ratio of 0.84 and a beta of 2.08. The business’s 50 day moving average price is $325.66 and its 200 day moving average price is $297.88. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the prior year, the firm posted $5.20 earnings per share. The firm’s quarterly 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. Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RCL shares. Mizuho cut their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Tigress Financial boosted their price objective on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday. Finally, TD Cowen began coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. 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. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.86.

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.