Alberta Investment Management Corp Has $3.41 Million Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Alberta Investment Management Corp lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 99.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,900 shares of the company’s stock after selling 12,500,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Royal Caribbean Cruises were worth $3,413,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Roberts Capital Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $572,000. Vanguard Group Inc. increased its position in Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after purchasing an additional 602,447 shares in the last quarter. Shellback Capital LP lifted its stake in Royal Caribbean Cruises by 53.8% in the 1st quarter. Shellback Capital LP now owns 200,000 shares of the company’s stock valued at $41,088,000 after purchasing an additional 70,000 shares during the last quarter. WESPAC Advisors LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $522,000. Finally, Aberdeen Group plc boosted its position in Royal Caribbean Cruises by 6.3% in the second quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock valued at $42,802,000 after buying an additional 8,121 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 1.2%

NYSE:RCL opened at $252.61 on Monday. 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 0.21 and a current ratio of 0.16. The firm’s fifty day moving average is $306.26 and its 200-day moving average is $301.73. The firm has a market cap of $68.89 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results 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. The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Wall Street Analysts Forecast Growth

RCL has been the subject of several research analyst reports. Mizuho lowered their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Wall Street Zen lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Truist Financial lowered their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Finally, William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. One investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $324.64.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises 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 completion of the sale, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

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.