Commerzbank Aktiengesellschaft FI Buys Shares of 1,931 Royal Caribbean Cruises Ltd. $RCL

Key Points

• Commerzbank Aktiengesellschaft FI acquired 1,931 shares of Royal Caribbean Cruises Ltd. for approximately $605,000 during the second quarter, signaling confidence in the company's growth potential.
• Royal Caribbean has raised its quarterly dividend to $1.00 per share, up from the previous $0.75, indicating strong financial health and commitment to returning capital to shareholders.
• Analysts have mixed ratings for Royal Caribbean, with a consensus rating of "Moderate Buy" and an average price target of $326.95, reflecting a positive outlook amidst recent stock performance challenges.

Commerzbank Aktiengesellschaft FI bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,931 shares of the company's stock, valued at approximately $605,000.

Other hedge funds also recently added to or reduced their stakes in the company. Revisor Wealth Management LLC bought a new stake in Royal Caribbean Cruises in the first quarter valued at $1,525,000. Brown Miller Wealth Management LLC bought a new stake in Royal Caribbean Cruises in the first quarter valued at $266,000. Florida Financial Advisors LLC lifted its stake in Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock valued at $402,000 after buying an additional 914 shares during the last quarter. Roberts Capital Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the first quarter valued at $572,000. Finally, Vanguard Group Inc. increased 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 during the period. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a "hold" rating on the stock in a report on Friday, September 19th. Bank of America raised their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. TD Cowen initiated coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price target on the stock. Susquehanna reissued a "positive" rating and set a $385.00 price target (up from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Citigroup raised their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $326.95.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises 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 transaction, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $304.66 on Friday. The business's 50-day moving average price is $329.61 and its 200 day moving average price is $284.74. The firm has a market cap of $82.75 billion, a P/E ratio of 22.84, a PEG ratio of 0.86 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates 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 revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, sell-side analysts predict 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 declared 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. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is 29.99%.

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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