Generali Asset Management SPA SGR Increases Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Generali Asset Management SPA SGR increased its stake in Royal Caribbean Cruises Ltd. by 124.4% in the second quarter, now holding 18,758 shares worth approximately $5.87 million.
• In addition to Generali, several institutional investors, including Nuveen LLC and Vanguard Group Inc., have significantly increased their investments, reflecting growing confidence in Royal Caribbean Cruises.
• Royal Caribbean Cruises also declared a quarterly dividend of $1.00 per share, marking an increase from the previous dividend of $0.75, indicating a strong financial performance.

Generali Asset Management SPA SGR lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 124.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,758 shares of the company's stock after buying an additional 10,400 shares during the quarter. Generali Asset Management SPA SGR's holdings in Royal Caribbean Cruises were worth $5,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RCL. Nuveen LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $358,614,000. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.1% during the 1st 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 period. Bank of New York Mellon Corp increased its stake in Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after buying an additional 535,043 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Royal Caribbean Cruises by 179.2% during 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 buying an additional 414,100 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Royal Caribbean Cruises by 112.9% during the first quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company's stock worth $116,396,000 after acquiring an additional 300,232 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Buying and Selling

In other news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 in the last quarter. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Down 0.8%

NYSE RCL opened at $311.25 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The firm's fifty day moving average price is $329.40 and its 200 day moving average price is $286.71. The company has a market capitalization of $84.54 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 0.88 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping 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 return on equity of 47.15% and a net margin of 20.97%.The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $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. On average, sell-side analysts expect 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 was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is 29.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RCL shares. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Sanford C. Bernstein upped their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Truist Financial cut their target price 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, September 19th. Finally, Susquehanna restated a "positive" rating and set a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus 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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