Czech National Bank Purchases 3,090 Shares of Royal Caribbean Cruises Ltd. $RCL

Czech National Bank raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,158 shares of the company’s stock after buying an additional 3,090 shares during the period. Czech National Bank’s holdings in Royal Caribbean Cruises were worth $20,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. California Public Employees Retirement System raised its holdings in shares of Royal Caribbean Cruises by 11.1% in the second quarter. California Public Employees Retirement System now owns 433,018 shares of the company’s stock valued at $135,595,000 after buying an additional 43,184 shares during the last quarter. Shellback Capital LP raised its stake in shares of Royal Caribbean Cruises by 53.8% in the first quarter. Shellback Capital LP now owns 200,000 shares of the company’s stock worth $41,088,000 after acquiring an additional 70,000 shares during the last quarter. WESPAC Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $522,000. Marion Wealth Management bought a new stake in shares of Royal Caribbean Cruises during the second quarter valued at approximately $291,000. Finally, Aberdeen Group plc grew its stake in shares of Royal Caribbean Cruises by 6.3% during the second quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock valued at $42,802,000 after purchasing an additional 8,121 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Truist Financial decreased their price target on Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating on the stock in a report on Tuesday, December 2nd. Jefferies Financial Group lowered their price objective on Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada set a $360.00 price objective on Royal Caribbean Cruises in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $324.82.

Royal Caribbean Cruises Stock Up 0.8%

Shares of Royal Caribbean Cruises stock opened at $287.06 on Friday. The business has a fifty day simple moving average of $276.77 and a 200 day simple moving average of $304.78. The stock has a market cap 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 quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating 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 return on equity of 44.68% and a net margin of 23.33%.The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.20 earnings per share. 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 predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $4.00 annualized dividend and a yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

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.