Metis Global Partners LLC Has $3.33 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Metis Global Partners LLC lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,637 shares of the company’s stock after selling 919 shares during the quarter. Metis Global Partners LLC’s holdings in Royal Caribbean Cruises were worth $3,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after buying an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Royal Caribbean Cruises by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock worth $945,150,000 after acquiring an additional 27,220 shares in the last quarter. Nuveen LLC bought a new position in Royal Caribbean Cruises in the first quarter valued at approximately $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Royal Caribbean Cruises by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock valued at $273,786,000 after purchasing an additional 59,743 shares in the last quarter. Finally, National Pension Service raised its position in Royal Caribbean Cruises by 14.9% during the first quarter. National Pension Service now owns 992,579 shares of the company’s stock valued at $203,915,000 after purchasing an additional 128,530 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $256.12 on Friday. The business has a 50 day moving average of $315.95 and a 200-day moving average of $299.48. The company has a market capitalization of $69.85 billion, a P/E ratio of 17.22, a P/E/G ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the company earned $5.20 EPS. The firm’s revenue 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. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s 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 sale, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RCL has been the topic of a number of research analyst reports. Bank of America raised their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Citigroup decreased their target price on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $360.00 target price on Royal Caribbean Cruises in a research note on Friday, October 31st. Barclays reduced their price target on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One 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, the company has an average rating of “Moderate Buy” and an average target price of $326.86.

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.