MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $3.05 Million Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in Royal Caribbean Cruises Ltd. by 71.1% during the second quarter, now owning 9,751 shares valued at $3.05 million.
• Several institutional investors, including GAMMA Investing LLC and Brighton Jones LLC, significantly increased their stakes in Royal Caribbean, with GAMMA boosting its position by 22,154.9% to own 1.41 million shares.
• Royal Caribbean recently increased its quarterly dividend from $0.75 to $1.00, representing an annualized dividend of $4.00 and a yield of 1.2%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 71.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,751 shares of the company's stock after selling 24,036 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Royal Caribbean Cruises were worth $3,053,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of RCL. Brighton Jones LLC boosted its stake in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after purchasing an additional 143 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Royal Caribbean Cruises in the fourth quarter worth $28,954,000. Central Pacific Bank Trust Division boosted its stake in Royal Caribbean Cruises by 432.7% in the first quarter. Central Pacific Bank Trust Division now owns 4,235 shares of the company's stock worth $870,000 after purchasing an additional 3,440 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 worth $289,868,000 after purchasing an additional 1,404,622 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Royal Caribbean Cruises by 8.0% in the first quarter. Parallel Advisors LLC now owns 2,899 shares of the company's stock worth $596,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the company's 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 sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays boosted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Bank of America upped their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Citigroup upped their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Loop Capital reaffirmed a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, UBS Group upped their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.95.

Royal Caribbean Cruises Trading Down 0.6%

NYSE RCL opened at $324.92 on Friday. The stock has a 50-day simple moving average of $335.02 and a 200 day simple moving average of $276.99. The company has a market capitalization of $88.26 billion, a PE ratio of 24.36, a P/E/G ratio of 0.92 and a beta of 2.12. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. 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 released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion during 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%.The firm's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior 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. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises's dividend payout ratio is currently 22.49%.

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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