Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. has increased its stake in Royal Caribbean Cruises Ltd. by 6.7%, owning approximately $41.9 million worth of shares as of the latest reporting period.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Royal Caribbean, with target prices ranging from $230.00 to $405.00.
• The company recently announced a quarterly dividend of $1.00, which marks an increase from the previous dividend of $0.75, reflecting a positive dividend policy.

Robeco Institutional Asset Management B.V. increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,868 shares of the company's stock after purchasing an additional 8,353 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Royal Caribbean Cruises were worth $41,919,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after buying an additional 143 shares during the period. NBC Securities Inc. purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth $510,000. Annex Advisory Services LLC raised its position in Royal Caribbean Cruises by 8.2% during the first quarter. Annex Advisory Services LLC now owns 1,018 shares of the company's stock worth $209,000 after acquiring an additional 77 shares during the period. Curat Global LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at $274,000. Finally, Piscataqua Savings Bank grew its position in shares of Royal Caribbean Cruises by 2.2% in the first quarter. Piscataqua Savings Bank now owns 6,625 shares of the company's stock valued at $1,361,000 after purchasing an additional 140 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RCL. JPMorgan Chase & Co. upped 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 report on Wednesday, July 30th. TD Cowen assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price for the company. Truist Financial lowered their price target on 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. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Finally, Bank of America raised their price objective on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $314.39 on Friday. The business's 50 day moving average price is $331.57 and its 200 day moving average price is $281.60. The company has a market cap of $85.40 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 0.90 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a one year low of $164.01 and a one year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business 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 company earned $3.21 EPS. The company's revenue for the quarter 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. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 29.99%.

Insider Activity

In related news, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value 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 represents a 38.57% decrease in their ownership of the stock. The transaction 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 on 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 sale, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Company 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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