78,933 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 78,933 shares of the company’s stock, valued at approximately $24,717,000.

Other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the first quarter valued at about $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $31,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 1.8%

Shares of NYSE RCL opened at $314.39 on Friday. The company has a market cap of $85.40 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 0.90 and a beta of 2.08. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The stock has a 50-day moving average price of $331.57 and a two-hundred day moving average price of $281.60.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

Insider Activity at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 in the last 90 days. 6.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Cowen started coverage on Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a “buy” rating and a $405.00 price target on the stock. Truist Financial decreased their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Jefferies Financial Group increased their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. Finally, William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

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.