Aberdeen Group plc Acquires 8,121 Shares of Royal Caribbean Cruises Ltd. $RCL

Aberdeen Group plc increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 137,099 shares of the company’s stock after purchasing an additional 8,121 shares during the period. Aberdeen Group plc’s holdings in Royal Caribbean Cruises were worth $42,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CX Institutional raised its position in shares of Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after buying an additional 34 shares in the last quarter. Tritonpoint Wealth LLC raised its position in shares of Royal Caribbean Cruises by 0.8% during the 2nd quarter. Tritonpoint Wealth LLC now owns 4,531 shares of the company’s stock valued at $1,422,000 after buying an additional 38 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Royal Caribbean Cruises by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after buying an additional 39 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Royal Caribbean Cruises by 0.8% during the 2nd quarter. Fulton Bank N.A. now owns 5,023 shares of the company’s stock valued at $1,573,000 after buying an additional 41 shares in the last quarter. Finally, Ignite Planners LLC raised its position in shares of Royal Caribbean Cruises by 2.7% during the 2nd quarter. Ignite Planners LLC now owns 1,614 shares of the company’s stock valued at $505,000 after buying an additional 43 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RCL shares. Truist Financial lowered their price objective on shares of 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. Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Citigroup increased their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Bank of America increased their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $304.66 on Monday. The firm has a market cap of $82.75 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company’s fifty day simple moving average is $329.61 and its two-hundred day simple moving average is $285.66.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,507 shares of company stock valued at $10,091,282. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises 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.