Alliancebernstein L.P. Increases Stock Position in Royal Caribbean Cruises Ltd. $RCL

Alliancebernstein L.P. boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 3.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 280,863 shares of the company's stock after purchasing an additional 10,310 shares during the period. Alliancebernstein L.P. owned about 0.10% of Royal Caribbean Cruises worth $57,700,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Revisor Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $1,525,000. Brown Miller Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at $266,000. Florida Financial Advisors LLC grew its stake in Royal Caribbean Cruises by 87.6% in the 1st quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock valued at $402,000 after purchasing an additional 914 shares during the period. Roberts Capital Advisors LLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at $572,000. Finally, Vanguard Group Inc. grew its position in Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after buying an additional 602,447 shares during the period. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. UBS Group increased their target price 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. Barclays increased their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group raised their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Price Performance

Shares of RCL traded down $9.79 during midday trading on Friday, reaching $340.44. The stock had a trading volume of 661,843 shares, compared to its average volume of 2,456,758. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a market capitalization of $92.47 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.96 and a beta of 2.12. The company's 50-day moving average is $337.00 and its 200 day moving average is $270.24. 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 (NYSE:RCL - Get Free Report) last announced its quarterly earnings data 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. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the company earned $3.21 EPS. The firm's revenue was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 22.49%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm's 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 completion of the sale, the director owned 16,407 shares of the company's stock, valued at $5,414,966.28. This trade represents a 38.57% 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 worth $10,091,282. 6.95% of the stock is currently owned by company insiders.

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.