Royal Caribbean Cruises (NYSE:RCL) Director Sells $309,936.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) 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 completion of the sale, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $253.65 on Friday. The company has a market cap of $69.17 billion, a PE ratio of 17.06, a PEG ratio of 0.84 and a beta of 2.04. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company’s 50-day moving average is $318.09 and its two-hundred day moving average is $298.33.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping 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 business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the firm posted $5.20 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 5.2% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.6%. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Institutional Trading of Royal Caribbean Cruises

Large investors have recently bought and sold shares of the business. Longbow Finance SA boosted its holdings in shares of Royal Caribbean Cruises by 9.3% in the third quarter. Longbow Finance SA now owns 19,093 shares of the company’s stock valued at $6,178,000 after buying an additional 1,621 shares during the period. Assetmark Inc. lifted its position in Royal Caribbean Cruises by 234.6% in the 3rd quarter. Assetmark Inc. now owns 414,894 shares of the company’s stock valued at $134,251,000 after acquiring an additional 290,880 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Royal Caribbean Cruises by 16.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 21,115 shares of the company’s stock valued at $6,832,000 after acquiring an additional 2,977 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its stake in Royal Caribbean Cruises by 9.0% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,954 shares of the company’s stock worth $14,870,000 after purchasing an additional 3,800 shares during the period. Finally, Leuthold Group LLC increased its holdings in Royal Caribbean Cruises by 3.5% during the 3rd quarter. Leuthold Group LLC now owns 11,149 shares of the company’s stock worth $3,608,000 after purchasing an additional 374 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price objective on the stock. Barclays decreased their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Stifel Nicolaus cut their target price on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Mizuho reduced their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.