NEOS Investment Management LLC Grows Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• NEOS Investment Management increased its Royal Caribbean stake by 12.5% in the second quarter, bringing its holdings to 41,006 shares valued at approximately $13.0 million. Institutional investors collectively own 87.53% of RCL.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $353.40. Recent target increases included Stifel Nicolaus at $415 and Citigroup at $362.
• Royal Caribbean exceeded quarterly earnings expectations, reporting $4.21 EPS versus the $3.98 consensus and $4.83 billion in revenue. The company also declared a quarterly dividend of $1.50 per share, equivalent to a 2.3% annualized yield.

NEOS Investment Management LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 12.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,006 shares of the company's stock after acquiring an additional 4,542 shares during the period. NEOS Investment Management LLC's holdings in Royal Caribbean Cruises were worth $13,021,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RCL. Bell Investment Advisors Inc purchased a new stake in Royal Caribbean Cruises in the second quarter worth $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $26,000. Cape Investment Advisory Inc. bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $30,000. Kemnay Advisory Services Inc. purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth about $27,000. Finally, Ancora Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity

In related news, CEO Michael Bayley sold 12,811 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the completion of the sale, the chief executive officer owned 45,297 shares of the company's stock, valued at approximately $14,313,399.03. This trade represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RCL shares. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. BMO Capital Markets initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 7th. They set an "outperform" rating and a $370.00 price target on the stock. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Finally, Freedom Capital cut shares of Royal Caribbean Cruises from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus price target of $353.40.

Royal Caribbean Cruises Price Performance

RCL stock opened at $265.02 on Friday. The firm has a 50 day moving average of $297.09 and a 200-day moving average of $287.72. The firm has a market capitalization of $70.88 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.74. Royal Caribbean Cruises Ltd. has a 12 month low of $232.10 and a 12 month high of $362.79. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping analysts' consensus estimates of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the firm posted $4.38 EPS. Royal Caribbean Cruises's revenue was up 6.5% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $6.00 annualized dividend and a dividend yield of 2.3%. Royal Caribbean Cruises's dividend payout ratio is presently 37.08%.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises NYSE: RCL, operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean's ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.

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