Avanza Fonder AB Buys 1,702 Shares of Royal Caribbean Cruises Ltd. $RCL

Avanza Fonder AB raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 10.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,581 shares of the company’s stock after acquiring an additional 1,702 shares during the period. Avanza Fonder AB’s holdings in Royal Caribbean Cruises were worth $5,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $31,000. Evolution Wealth Management Inc. bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $31,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RCL. Mizuho decreased their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Citigroup reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 12th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Finally, UBS Group decreased their price objective on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. One equities research 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. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average target price of $324.82.

Royal Caribbean Cruises Stock Up 0.8%

NYSE:RCL opened at $294.65 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The company has a 50-day moving average of $275.61 and a 200 day moving average of $305.71. The firm has a market cap of $80.35 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.91.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the firm posted $5.20 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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

Royal Caribbean Cruises declared that its board has initiated a stock repurchase plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.95% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.