Primecap Management Co. CA Lowers Stock Position in Royal Caribbean Cruises Ltd. $RCL

Primecap Management Co. CA reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,175,668 shares of the company’s stock after selling 373,100 shares during the quarter. Primecap Management Co. CA’s holdings in Royal Caribbean Cruises were worth $994,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC purchased a new position in Royal Caribbean Cruises in the second quarter valued at approximately $31,000. Trust Co. of Toledo NA OH acquired a new position in Royal Caribbean Cruises during the second quarter valued at approximately $32,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Royal Caribbean Cruises during the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RCL. UBS Group cut their target price 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. Bank of America raised their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Tigress Financial upped their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment 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. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

Royal Caribbean Cruises Trading Up 2.0%

Shares of RCL stock opened at $251.69 on Wednesday. The firm has a market capitalization of $68.64 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The stock has a fifty day moving average of $302.30 and a two-hundred day moving average of $302.07. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $5.20 EPS. 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, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Royal Caribbean Cruises Company 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.