New York State Teachers Retirement System Has $58.31 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

New York State Teachers Retirement System trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,206 shares of the company’s stock after selling 1,643 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Royal Caribbean Cruises worth $58,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCL. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth about $25,000. Hughes Financial Services LLC acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth about $27,000. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth about $31,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $299.10 on Friday. 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 stock has a market capitalization of $81.24 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08. The company has a 50 day moving average price of $329.19 and a two-hundred day moving average price of $287.35. 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 posted its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $3.21 earnings per share. 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 predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share 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. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. 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 dividend payout ratio is presently 29.99%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company’s stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,507 shares of company stock worth $10,091,282 over the last ninety days. 6.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

RCL has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Susquehanna reaffirmed a “positive” rating and set a $385.00 price objective (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $326.95.

About Royal Caribbean Cruises

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.