MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,410 shares of the company's stock after purchasing an additional 1,660 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Royal Caribbean Cruises were worth $5,631,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of RCL. Nuveen LLC bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at $358,614,000. GAMMA Investing LLC boosted its holdings in Royal Caribbean Cruises by 22,154.9% in the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after purchasing an additional 1,404,622 shares during the period. Vanguard Group Inc. boosted its holdings in Royal Caribbean Cruises by 2.1% in the 1st 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. Bank of New York Mellon Corp boosted its holdings in Royal Caribbean Cruises by 21.8% in the 1st 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 during the period. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Royal Caribbean Cruises by 179.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company's stock valued at $132,550,000 after purchasing an additional 414,100 shares during the period. 87.53% of the stock is owned by institutional investors.
Royal Caribbean Cruises Price Performance
RCL stock traded down $13.03 during trading on Friday, hitting $337.20. 2,071,042 shares of the stock traded hands, compared to its average volume of 1,852,269. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50. The stock has a market cap of $91.59 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 0.98 and a beta of 2.12. The company has a 50 day simple moving average of $337.06 and a 200 day simple moving average of $270.92. 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 (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the firm posted $3.21 EPS. The firm's quarterly revenue was up 10.4% on a year-over-year basis. 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 analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Royal Caribbean Cruises Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio is 29.99%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Bank of America increased their price target on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Loop Capital reaffirmed a "buy" rating and set a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. TD Cowen began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective for the company. Finally, Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.
Check Out Our Latest Stock Report on Royal Caribbean Cruises
Insider Buying and Selling at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were 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 in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by corporate insiders.
Royal Caribbean Cruises Profile
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Free Report)
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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