Czech National Bank Has $20.76 Million Position in Royal Caribbean Cruises Ltd. $RCL

Czech National Bank increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,158 shares of the company’s stock after purchasing an additional 3,090 shares during the period. Czech National Bank’s holdings in Royal Caribbean Cruises were worth $20,760,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RCL. Norges Bank acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $1,021,893,000. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 3.2% during the second quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after acquiring an additional 929,414 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $172,488,000. Bessemer Group Inc. lifted its position in Royal Caribbean Cruises by 7,971.4% in the 2nd quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after acquiring an additional 533,529 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Royal Caribbean Cruises by 91.7% in the 2nd quarter. American Century Companies Inc. now owns 1,087,660 shares of the company’s stock valued at $340,590,000 after acquiring an additional 520,353 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Royal Bank Of Canada set a $360.00 price objective on Royal Caribbean Cruises in a report on Friday, October 31st. JPMorgan Chase & Co. dropped their target price on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Stifel Nicolaus reduced their price target on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group decreased their price target on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $324.82.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This represents 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 hyperlink. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL opened at $287.06 on Friday. The business’s 50-day simple moving average is $276.77 and its 200 day simple moving average is $304.78. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. 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 firm has a market capitalization of $78.28 billion, a PE ratio of 19.30, a PEG ratio of 0.86 and a beta of 1.91.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping the consensus estimate 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 firm 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 firm earned $5.20 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. 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 expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

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

Royal Caribbean Cruises declared that its board has authorized a stock repurchase program on Wednesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.