Vestmark Advisory Solutions Inc. Buys New Position in Royal Caribbean Cruises Ltd. $RCL

Vestmark Advisory Solutions Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,555 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $358,614,000. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after acquiring an additional 602,447 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Royal Caribbean Cruises by 7,971.4% during the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock worth $169,165,000 after acquiring an additional 533,529 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in Royal Caribbean Cruises by 179.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after purchasing an additional 414,100 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Royal Caribbean Cruises by 112.9% during the 1st quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock valued at $116,396,000 after purchasing an additional 300,232 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $263.69 on Wednesday. The company has a 50 day moving average of $312.19 and a 200 day moving average of $300.86. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. The stock has a market cap of $71.91 billion, a P/E ratio of 17.73, a P/E/G ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the business posted $5.20 earnings per share. 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. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company 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. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Truist Financial dropped their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. Citigroup cut their price target on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Mizuho lowered their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note 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 stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $326.86.

Insider Buying and Selling

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.95% of the stock is owned by company insiders.

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.