Blair William & Co. IL Decreases Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Blair William & Co. IL has decreased its position in Royal Caribbean Cruises Ltd. by 21.1%, selling 15,223 shares during the second quarter. The fund now holds 56,984 shares worth approximately $17.84 million.
• Royal Caribbean Cruises reported a quarterly EPS of $4.38, exceeding the consensus estimate of $4.04, and announced a quarterly dividend that has increased from $0.75 to $1.00 per share.
• Analysts have shown a positive outlook for Royal Caribbean Cruises, with several raising their target prices, including Sanford C. Bernstein, which has set a new target at $360.00.

Blair William & Co. IL decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 21.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,984 shares of the company's stock after selling 15,223 shares during the quarter. Blair William & Co. IL's holdings in Royal Caribbean Cruises were worth $17,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter valued at $358,614,000. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Royal Caribbean Cruises by 179.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company's stock valued at $132,550,000 after buying an additional 414,100 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Royal Caribbean Cruises by 112.9% in the 1st quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company's stock worth $116,396,000 after buying an additional 300,232 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Down 0.8%

NYSE:RCL opened at $304.66 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The business has a fifty day moving average price of $329.61 and a 200-day moving average price of $284.74. The firm has a market capitalization of $82.75 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share 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 the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Sell-side analysts forecast 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 will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a 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 (DPR) is 29.99%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction 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 sale, the director owned 16,407 shares of the company's stock, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 over the last 90 days. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Sanford C. Bernstein upped their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Susquehanna reaffirmed a "positive" rating and issued a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Stifel Nicolaus boosted 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 note on Wednesday, July 30th. 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 research note on Monday, July 7th. Finally, Truist Financial reduced their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating for the company in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $326.95.

Royal Caribbean Cruises 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.

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