Royal Caribbean Cruises Ltd. $RCL Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,476 shares of the company’s stock after selling 2,027 shares during the quarter. Bank of Nova Scotia’s holdings in Royal Caribbean Cruises were worth $11,422,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 3.2% in the second 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 holdings in Royal Caribbean Cruises by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after acquiring an additional 415,230 shares in the last quarter. Invesco Ltd. increased its holdings in Royal Caribbean Cruises by 9.4% in the 2nd quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock worth $1,038,997,000 after acquiring an additional 284,037 shares in the last quarter. Norges Bank acquired a new position in Royal Caribbean Cruises during the second quarter worth $1,021,893,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 valued at $945,150,000 after purchasing an additional 27,220 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RCL shares. JPMorgan Chase & Co. cut their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company cut their price objective on Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Mizuho reduced their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada set a $360.00 price objective on Royal Caribbean Cruises in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.45.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $260.33 on Thursday. 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 $70.99 billion, a PE ratio of 17.51, a P/E/G ratio of 0.75 and a beta of 1.91. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The stock has a 50 day moving average price of $280.40 and a 200 day moving average price of $303.82.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the company posted $5.20 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. 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. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

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

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.95% of the company’s stock.

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.