Royal Caribbean Cruises Ltd. $RCL Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 433,018 shares of the company’s stock after buying an additional 43,184 shares during the period. California Public Employees Retirement System owned 0.16% of Royal Caribbean Cruises worth $135,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCL. Brighton Jones LLC raised its holdings in Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Royal Caribbean Cruises by 31.5% during the 1st quarter. Atria Wealth Solutions Inc. now owns 7,804 shares of the company’s stock worth $1,608,000 after purchasing an additional 1,870 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Royal Caribbean Cruises by 9.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,151 shares of the company’s stock valued at $262,000 after purchasing an additional 95 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $158,000. Finally, Townsquare Capital LLC lifted its position in Royal Caribbean Cruises by 49.5% during the first quarter. Townsquare Capital LLC now owns 5,898 shares of the company’s stock worth $1,212,000 after buying an additional 1,953 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Down 0.6%

Shares of RCL stock opened at $257.71 on Monday. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The firm has a market cap of $70.28 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.91. The company has a 50-day moving average of $284.51 and a two-hundred day moving average of $303.97. 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 (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.20 EPS. 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. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RCL shares. Barclays dropped their target price on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company dropped their price objective on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, December 1st. UBS Group cut 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 research report on Wednesday, November 12th. JPMorgan Chase & Co. decreased their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Truist Financial dropped their price target on shares of Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating for the company in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.09.

Insider Activity

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Company 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.