Allianz SE Boosts Stake in Royal Caribbean Cruises Ltd. $RCL

Allianz SE increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 928.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 23,860 shares of the company’s stock after buying an additional 21,540 shares during the quarter. Allianz SE’s holdings in Royal Caribbean Cruises were worth $7,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 30,066,167 shares of the company’s stock worth $9,728,810,000 after acquiring an additional 461,990 shares during the period. State Street Corp increased its holdings in shares of Royal Caribbean Cruises by 3.3% in the second quarter. State Street Corp now owns 10,492,549 shares of the company’s stock valued at $3,293,302,000 after purchasing an additional 330,770 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 415,230 shares during the period. Invesco Ltd. raised its stake in shares of 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 during the last quarter. Finally, Norges Bank acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $1,021,893,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,385 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $327.18, for a total value of $453,144.30. Following the transaction, the director directly owned 12,849 shares of the company’s stock, valued at $4,203,935.82. This trade represents a 9.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 245,476 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $311.54, for a total value of $76,475,593.04. Following the transaction, the director owned 16,435,910 shares in the company, valued at approximately $5,120,443,401.40. This represents a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,967,319 shares of company stock valued at $626,681,935 over the last 90 days. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

RCL opened at $310.49 on Friday. The firm’s fifty day simple moving average is $304.59 and its two-hundred day simple moving average is $303.36. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a market cap of $84.00 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.04 and a beta of 1.91. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 1.77.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, January 29th. The company reported $2.80 earnings per share for the quarter, meeting the consensus estimate of $2.80. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.28 billion. Royal Caribbean Cruises had a return on equity of 45.06% and a net margin of 23.80%.The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 6th will be paid a dividend of $1.50 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio is presently 25.62%.

More Royal Caribbean Cruises News

Here are the key news stories impacting Royal Caribbean Cruises this week:

• Positive Sentiment: Company expansion push — coverage highlights Royal Caribbean’s aggressive growth and fleet/itinerary expansion plans that back continued demand recovery and revenue upside. Read More.
• Positive Sentiment: Luxury brand development — Silversea unveiled public spaces for The Cormorant at 55 South, a new hotel supporting Antarctic fly‑cruise packages, strengthening the company’s premium/expedition revenue mix. Read More.
• Neutral Sentiment: Completed $2.5B senior notes offering — RCL issued $1.25B of 4.75% notes due 2033 and $1.25B of 5.25% notes due 2038. The deal boosts liquidity and funds financing needs but increases long‑term debt and interest expense. Read More.
• Negative Sentiment: Large insider selling — Director Arne Alexander Wilhelmsen sold 771,607 shares across Feb 25–27 for roughly $243.6M in proceeds (three Form 4 filings). While the sales are a small percentage of his total holdings, the magnitude and timing can pressure sentiment and share price. Read More.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho set a $379.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, January 30th. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, January 12th. UBS Group reduced their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $368.00 to $371.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Royal Caribbean Cruises from $310.00 to $370.00 and gave the company a “buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $348.29.

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.