Royal Caribbean Cruises Ltd. $RCL Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 48,839 shares of the company’s stock after buying an additional 3,435 shares during the period. ProShare Advisors LLC’s holdings in Royal Caribbean Cruises were worth $15,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Florida Financial Advisors LLC lifted its position in Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock valued at $402,000 after purchasing an additional 914 shares during the last quarter. Roberts Capital Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $572,000. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after purchasing an additional 602,447 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Royal Caribbean Cruises by 7,890.2% during the first quarter. Cullen Frost Bankers Inc. now owns 36,675 shares of the company’s stock valued at $7,535,000 after buying an additional 36,216 shares during the last quarter. Finally, Shellback Capital LP boosted its position in shares of Royal Caribbean Cruises by 53.8% during the first quarter. Shellback Capital LP now owns 200,000 shares of the company’s stock worth $41,088,000 after buying an additional 70,000 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction on 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on RCL shares. Mizuho lowered their target price on 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. JPMorgan Chase & Co. lowered their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. Citigroup reduced their price objective on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.86.

Royal Caribbean Cruises Stock Down 0.5%

RCL opened at $263.69 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. The company has a market capitalization of $71.91 billion, a PE ratio of 17.73, a P/E/G ratio of 0.84 and a beta of 2.04. The stock’s fifty day moving average is $312.19 and its 200-day moving average is $300.86. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $5.16 billion. During the same period in the previous year, the company earned $5.20 earnings per share. Royal Caribbean Cruises’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 analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

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.