Royal Caribbean Cruises Ltd. $RCL Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 266.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,029 shares of the company’s stock after acquiring an additional 6,568 shares during the period. Exchange Traded Concepts LLC’s holdings in Royal Caribbean Cruises were worth $2,922,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 27.1% in the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. Prosperity Financial Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 0.5% in the second quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after purchasing an additional 32 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Royal Caribbean Cruises by 29.1% during the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock worth $45,000 after acquiring an additional 32 shares during the period. CX Institutional increased its holdings in Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after purchasing an additional 34 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in Royal Caribbean Cruises by 16.1% in the second quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock valued at $79,000 after acquiring an additional 35 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 0.8%

RCL stock opened at $294.65 on Friday. The business has a fifty day simple moving average of $275.61 and a 200-day simple moving average of $305.71. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company has a market cap of $80.35 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 0.89 and a beta of 1.91.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate 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 revenue was up 5.2% on a year-over-year basis. During the same period last 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, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

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

Royal Caribbean Cruises Announces Dividend

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

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RCL. Jefferies Financial Group cut their price target on Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Wells Fargo & Company reduced their price target on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Stifel Nicolaus decreased their price objective on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $324.82.

Royal Caribbean Cruises Company Profile

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.