Avanza Fonder AB Sells 2,218 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• Avanza Fonder AB has reduced its stake in Royal Caribbean Cruises Ltd. by 12.3% during Q2, ending with 15,879 shares valued at approximately $4.97 million.
• Multiple institutional investors have increased their positions in Royal Caribbean, with Vanguard Group Inc. significantly raising its stake to over $5.89 billion.
• Royal Caribbean Cruises has recently boosted its quarterly dividend from $0.75 to $1.00, demonstrating strong financial performance with a net margin of 20.97% and a year-over-year revenue increase of 10.4%.

Avanza Fonder AB reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 12.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,879 shares of the company's stock after selling 2,218 shares during the period. Avanza Fonder AB's holdings in Royal Caribbean Cruises were worth $4,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at $358,614,000. GAMMA Investing LLC raised its holdings in shares of Royal Caribbean Cruises by 22,154.9% in the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after purchasing an additional 1,404,622 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 worth $5,890,943,000 after buying an additional 602,447 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after buying an additional 535,043 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of Royal Caribbean Cruises by 179.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company's stock worth $132,550,000 after purchasing an additional 414,100 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, 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 completion of the transaction, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction 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. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock worth $10,091,282 over the last ninety days. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Trading Up 0.4%

Shares of NYSE RCL traded up $1.22 on Monday, reaching $329.82. 1,529,853 shares of the company traded hands, compared to its average volume of 1,920,677. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a 50 day moving average of $335.95 and a 200 day moving average of $275.44. 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 stock has a market capitalization of $89.59 billion, a PE ratio of 24.72, a P/E/G ratio of 0.92 and a beta of 2.12.

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 for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, equities research 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors 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 yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 25th. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 22.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RCL shares. Barclays boosted 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. Tigress Financial boosted 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. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Susquehanna restated a "positive" rating and issued a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Truist Financial cut their price objective on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $326.95.

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.