78,933 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB acquired 78,933 shares of Royal Caribbean Cruises Ltd., valued at approximately $24.7 million, according to a recent SEC filing.
• Royal Caribbean announced a quarterly dividend increase from $0.75 to $1.00 per share, yielding 1.3%, to be paid to shareholders on October 13th.
• Royal Caribbean's recent earnings report showed an EPS of $4.38, exceeding estimates, with a revenue increase of 10.4% year-over-year and a strong outlook for 2025.

AMF Tjanstepension AB purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 78,933 shares of the company's stock, valued at approximately $24,717,000.

Other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the first quarter valued at about $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $31,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Down 1.8%

Shares of NYSE RCL opened at $314.39 on Friday. The company has a market cap of $85.40 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 0.90 and a beta of 2.08. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. 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 $331.57 and a two-hundred day moving average price of $281.60.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results 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. The company 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 firm's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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, 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 declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio is currently 29.99%.

Insider Activity at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. 6.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Cowen started coverage on Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price target on the stock. Truist Financial decreased their price target on 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. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Jefferies Financial Group increased their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Finally, William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. One 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. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target 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.

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