Cerity Partners LLC Has $11.83 Million Holdings in Royal Caribbean Cruises Ltd. $RCL

Cerity Partners LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,775 shares of the company’s stock after purchasing an additional 2,517 shares during the period. Cerity Partners LLC’s holdings in Royal Caribbean Cruises were worth $11,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock valued at $9,270,252,000 after buying an additional 929,414 shares in the last quarter. Geode Capital Management LLC increased its stake in Royal Caribbean Cruises by 6.6% in the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after acquiring an additional 415,230 shares during the period. Invesco Ltd. raised its position in Royal Caribbean Cruises by 9.4% in the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock worth $1,038,997,000 after purchasing an additional 284,037 shares in the last quarter. Norges Bank acquired a new position in Royal Caribbean Cruises in the second quarter worth about $1,021,893,000. Finally, Bank of New York Mellon Corp lifted its stake in Royal Caribbean Cruises by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,018,299 shares of the company’s stock worth $945,150,000 after purchasing an additional 27,220 shares during the period. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RCL shares. The Goldman Sachs Group lowered their price objective on Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays lowered their price target on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Mizuho reduced their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Royal Bank Of Canada set a $360.00 target price on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, Citigroup dropped their target price on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.45.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director owned 14,234 shares in the company, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Up 4.8%

RCL opened at $260.33 on Thursday. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The stock has a market capitalization of $70.99 billion, a PE ratio of 17.51, a PEG ratio of 0.75 and a beta of 1.91. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $280.40 and a two-hundred day moving average price of $303.82.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Royal Caribbean Cruises 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.