The Manufacturers Life Insurance Company Sells 1,570 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Royal Caribbean Cruises Ltd. by 1.1%, holding 144,278 shares valued at approximately $29.64 million.
• Royal Caribbean Cruises reported earnings of $4.38 per share, surpassing the consensus estimate of $4.04, with a year-over-year revenue increase of 10.4%.
• Research analysts have a consensus target price of $327.14 for Royal Caribbean, with the majority rating the stock as a Moderate Buy.

The Manufacturers Life Insurance Company cut its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 144,278 shares of the company's stock after selling 1,570 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Royal Caribbean Cruises worth $29,640,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Revisor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $1,525,000. Brown Miller Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $266,000. Florida Financial Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 87.6% during the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock valued at $402,000 after purchasing an additional 914 shares during the last quarter. Roberts Capital Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $572,000. Finally, Vanguard Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.1% during the first 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 last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 10,300 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was 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 of the company's stock, valued at approximately $2,578,432.22. This represents a 39.95% 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.

Royal Caribbean Cruises Price Performance

Shares of RCL traded down $7.62 during mid-day trading on Friday, reaching $352.44. The stock had a trading volume of 1,455,537 shares, compared to its average volume of 1,835,217. The firm has a market cap of $95.73 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.01 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 12 month low of $154.08 and a 12 month high of $366.50. The business has a fifty day moving average of $334.99 and a 200 day moving average of $267.42. 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 (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $4.54 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. Royal Caribbean Cruises'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. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RCL shares. Tigress Financial boosted their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Truist Financial set a $337.00 target price on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Sanford C. Bernstein upped their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. 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 target price for the company. Finally, Jefferies Financial Group upped their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $327.14.

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.