Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Country Trust Bank

Country Trust Bank increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11,566.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 350 shares of the company’s stock after buying an additional 347 shares during the period. Country Trust Bank’s holdings in Royal Caribbean Cruises were worth $110,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its holdings in Royal Caribbean Cruises by 18.7% in the second quarter. J.W. Cole Advisors Inc. now owns 9,794 shares of the company’s stock valued at $3,067,000 after acquiring an additional 1,540 shares during the last quarter. FourThought Financial Partners LLC grew its stake in Royal Caribbean Cruises by 2.6% during the 2nd quarter. FourThought Financial Partners LLC now owns 2,694 shares of the company’s stock valued at $844,000 after purchasing an additional 69 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Royal Caribbean Cruises by 13.5% in the second quarter. Advisors Asset Management Inc. now owns 7,079 shares of the company’s stock worth $2,217,000 after buying an additional 844 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Royal Caribbean Cruises by 5,120.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,566 shares of the company’s stock worth $490,000 after purchasing an additional 1,536 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Royal Caribbean Cruises by 10.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 5,172 shares of the company’s stock valued at $1,620,000 after buying an additional 489 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.1%

Shares of RCL stock opened at $266.13 on Thursday. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a market capitalization of $72.58 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The stock has a fifty day moving average of $293.45 and a two-hundred day moving average of $302.83. 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 issued its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $5.20 earnings per share. 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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RCL. Stifel Nicolaus dropped 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. JPMorgan Chase & Co. dropped their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Royal Bank Of Canada set a $360.00 price objective on Royal Caribbean Cruises in a research note on Friday, October 31st. Finally, Wells Fargo & Company assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $320.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

Insider Activity at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director owned 14,234 shares of the company’s stock, valued at $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 the SEC website. 6.95% of the stock is owned by corporate 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.