Corient Private Wealth LLC Acquires 1,882 Shares of Royal Caribbean Cruises Ltd. $RCL

Corient Private Wealth LLC increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 47,440 shares of the company’s stock after acquiring an additional 1,882 shares during the period. Corient Private Wealth LLC’s holdings in Royal Caribbean Cruises were worth $14,855,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Royal Caribbean Cruises in the second quarter worth $1,021,893,000. Vanguard Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 3.2% in the second quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after purchasing an additional 929,414 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of Royal Caribbean Cruises in the second quarter worth about $172,488,000. Bessemer Group Inc. increased its stake 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 worth $169,165,000 after buying an additional 533,529 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Royal Caribbean Cruises by 91.7% during the 2nd quarter. American Century Companies Inc. now owns 1,087,660 shares of the company’s stock valued at $340,590,000 after buying an additional 520,353 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

RCL opened at $287.06 on Friday. The firm has a market capitalization of $78.28 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.91. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. The business’s 50-day moving average is $276.77 and its two-hundred day moving average is $304.78. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share 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 analysts’ expectations of $5.16 billion. During the same period last year, the business earned $5.20 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. 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. Research 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 has authorized a share buyback program on Wednesday, December 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Royal Caribbean Cruises Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RCL shares. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Mizuho reduced their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Finally, Tigress Financial increased their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.82.

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.