Aviva PLC Has $59.83 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Aviva PLC increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,065 shares of the company’s stock after acquiring an additional 13,325 shares during the period. Aviva PLC’s holdings in Royal Caribbean Cruises were worth $59,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of RCL. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth approximately $25,000. Hughes Financial Services LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $31,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on RCL shares. Citigroup reduced their price objective on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Stifel Nicolaus decreased 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 report on Wednesday, October 29th. Finally, Truist Financial dropped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.86.

Insider Activity

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maritza Gomez Montiel sold 1,100 shares of the firm’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 value of $309,936.00. Following the completion of the sale, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.0%

Shares of RCL stock opened at $256.12 on Friday. The firm has a market capitalization of $69.85 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm’s fifty day simple moving average is $315.95 and its 200 day simple moving average is $299.48. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the business posted $5.20 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. 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, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is presently 26.90%.

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.