Cullen Frost Bankers Inc. Increases Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Cullen Frost Bankers Inc. boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,888 shares of the company’s stock after purchasing an additional 1,919 shares during the period. Cullen Frost Bankers Inc.’s holdings in Royal Caribbean Cruises were worth $12,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Evolution Wealth Management Inc. purchased a new position in Royal Caribbean Cruises in the second quarter worth approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Caribbean Cruises during the second quarter worth $32,000. Financial Gravity Companies Inc. purchased a new stake in Royal Caribbean Cruises in the second quarter valued at $38,000. Finally, 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. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

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

Wall Street Analyst Weigh In

RCL has been the subject of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday, October 30th. Stifel Nicolaus decreased their price objective on shares of Royal Caribbean Cruises from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Finally, Truist Financial lowered their price objective on shares of Royal Caribbean Cruises from $321.00 to $318.00 and set a “hold” rating for the company in a research report on Thursday. 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 stock. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $327.68.

Royal Caribbean Cruises Stock Up 0.2%

Shares of NYSE:RCL opened at $286.18 on Monday. The firm has a market capitalization of $78.04 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.94. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. 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 firm’s 50-day moving average is $277.02 and its two-hundred day moving average is $304.93.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data 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 firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the business posted $5.20 earnings per share. The business’s quarterly 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. 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 initiated a stock repurchase plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

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

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.