Asset Management One Co. Ltd. Purchases 12,475 Shares of Royal Caribbean Cruises Ltd. $RCL

Asset Management One Co. Ltd. grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,556 shares of the company’s stock after purchasing an additional 12,475 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $56,539,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Revisor Wealth Management LLC bought a new position in Royal Caribbean Cruises during the first quarter worth $1,525,000. Florida Financial Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock worth $402,000 after purchasing an additional 914 shares during the last quarter. Roberts Capital Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth about $572,000. Vanguard Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after purchasing an additional 602,447 shares during the last quarter. Finally, Western Financial Corp CA lifted its position in Royal Caribbean Cruises by 25.0% during the 1st quarter. Western Financial Corp CA now owns 8,615 shares of the company’s stock worth $1,770,000 after buying an additional 1,725 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.4%

Shares of NYSE RCL opened at $316.67 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company has a market cap of $86.02 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 0.89 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 stock has a 50-day moving average price of $329.43 and a two-hundred day moving average price of $291.43.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm posted $3.21 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. 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, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share 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 given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. 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. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RCL. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Barclays increased their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Mizuho dropped their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $332.14.

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.