Corient Private Wealth LLC Raises Holdings in Royal Caribbean Cruises Ltd. $RCL

Corient Private Wealth LLC lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 47,440 shares of the company’s stock after acquiring an additional 1,882 shares during the period. Corient Private Wealth LLC’s holdings in Royal Caribbean Cruises were worth $14,855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Royal Caribbean Cruises by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after purchasing an additional 929,414 shares during the last quarter. State Street Corp lifted its stake in shares of Royal Caribbean Cruises by 3.3% during the second quarter. State Street Corp now owns 10,492,549 shares of the company’s stock worth $3,293,302,000 after buying an additional 330,770 shares during the period. Geode Capital Management LLC lifted its stake in shares of Royal Caribbean Cruises by 6.6% during the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after buying an additional 415,230 shares during the period. Invesco Ltd. grew its holdings in shares of Royal Caribbean Cruises by 9.4% during the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock valued at $1,038,997,000 after buying an additional 284,037 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $1,021,893,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 0.8%

Royal Caribbean Cruises stock opened at $287.06 on Friday. The firm has a market cap of $78.28 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.91. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The business’s 50-day moving average price is $276.77 and its 200 day moving average price is $304.78. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.Royal Caribbean Cruises’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $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, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. JPMorgan Chase & Co. reduced their price objective on 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. The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday, October 30th. Finally, William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.82.

About Royal Caribbean Cruises

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.