Nordea Investment Management AB Increases Holdings in Royal Caribbean Cruises Ltd. $RCL

Nordea Investment Management AB increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 253.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,061 shares of the company’s stock after purchasing an additional 398,849 shares during the period. Nordea Investment Management AB owned approximately 0.20% of Royal Caribbean Cruises worth $179,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of RCL. Opal Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Royal Caribbean Cruises in the 2nd quarter worth about $31,000. 1 North Wealth Services LLC purchased a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Evolution Wealth Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $31,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth approximately $32,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on RCL shares. Jefferies Financial Group decreased their price objective on Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, December 15th. UBS Group decreased their price target on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Stifel Nicolaus dropped their price objective on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $316.00 to $373.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Bank of America upped their price target on Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $326.27.

Royal Caribbean Cruises Trading Down 3.2%

RCL opened at $291.51 on Wednesday. The stock has a market capitalization of $79.50 billion, a PE ratio of 19.60, a P/E/G ratio of 0.79 and a beta of 1.94. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The business’s 50 day moving average price is $273.78 and its 200 day moving average price is $307.64.

Royal Caribbean Cruises (NYSE:RCL) last posted its 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 the consensus estimate 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 revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Royal Caribbean Cruises announced that its board has authorized a stock buyback plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’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 value of $309,936.00. Following the sale, the director directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.