KLP Kapitalforvaltning AS Has $29.06 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• KLP Kapitalforvaltning AS increased its stake in Royal Caribbean Cruises Ltd. by 7.1%, bringing their holdings to $29.06 million after acquiring additional shares in the 2nd quarter.
• Several institutional investors, including Belpointe Asset Management and Simplicity Wealth, significantly boosted their stakes in Royal Caribbean Cruises during the same period, reflecting strong institutional interest.
• Royal Caribbean Cruises declared a quarterly dividend of $1.00 per share, up from the previous $0.75, representing a 1.3% yield, with a payout ratio of 29.99%.

KLP Kapitalforvaltning AS lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,583 shares of the company's stock after acquiring an additional 6,100 shares during the period. KLP Kapitalforvaltning AS's holdings in Royal Caribbean Cruises were worth $29,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Belpointe Asset Management LLC boosted its stake in Royal Caribbean Cruises by 75.1% during the second quarter. Belpointe Asset Management LLC now owns 1,755 shares of the company's stock worth $550,000 after buying an additional 753 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Royal Caribbean Cruises by 1.0% during the second quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company's stock worth $1,197,000 after buying an additional 39 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Royal Caribbean Cruises by 55.2% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 2,549 shares of the company's stock worth $798,000 after buying an additional 907 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Royal Caribbean Cruises by 7.4% during the second quarter. DAVENPORT & Co LLC now owns 1,758 shares of the company's stock worth $550,000 after buying an additional 121 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its stake in Royal Caribbean Cruises by 144.6% during the second quarter. Simplicity Wealth LLC now owns 2,879 shares of the company's stock worth $901,000 after buying an additional 1,702 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on RCL. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Caribbean Cruises in a research note on Saturday, September 27th. TD Cowen started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price on the stock. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.

Insider Buying and Selling

In related news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company'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 transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% 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 in the last 90 days. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Down 0.9%

Shares of NYSE:RCL opened at $314.56 on Wednesday. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company's fifty day moving average is $330.46 and its 200-day moving average is $283.46. The company has a market capitalization of $85.44 billion, a PE ratio of 23.58, a P/E/G ratio of 0.89 and a beta of 2.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research 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 given a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date is Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises's dividend payout ratio is currently 29.99%.

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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