D.A. Davidson & CO. Has $878,000 Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

D.A. Davidson & CO. reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 54.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,712 shares of the company’s stock after selling 3,201 shares during the period. D.A. Davidson & CO.’s holdings in Royal Caribbean Cruises were worth $878,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. Vanguard Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 3.2% during the second quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after acquiring an additional 929,414 shares during the period. State Street Corp raised its stake in shares of Royal Caribbean Cruises by 3.3% in the 2nd quarter. State Street Corp now owns 10,492,549 shares of the company’s stock valued at $3,293,302,000 after purchasing an additional 330,770 shares during the period. Geode Capital Management LLC raised its stake in shares of Royal Caribbean Cruises by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after purchasing an additional 415,230 shares during the period. Invesco Ltd. lifted its holdings in shares of Royal Caribbean Cruises by 9.4% in the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock valued at $1,038,997,000 after purchasing an additional 284,037 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth about $1,021,893,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on RCL. JPMorgan Chase & Co. cut their target price 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. Stifel Nicolaus cut their price objective on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Mizuho reduced their target price 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. The Goldman Sachs Group decreased their target price on shares of 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. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. One 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 stock. Based on data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $324.82.

Insider Activity at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction that occurred 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. The trade was a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $311.43 on Monday. The firm has a market capitalization of $84.93 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.94. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average price is $272.63 and its two-hundred day moving average price is $307.74. 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 data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping the consensus estimate of $5.68 by $0.07. The company 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%. Royal Caribbean Cruises’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, December 26th. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Royal Caribbean Cruises declared that its board has approved a stock buyback plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About Royal Caribbean Cruises

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.