Bessemer Group Inc. Increases Position in Royal Caribbean Cruises Ltd. $RCL

Bessemer Group Inc. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7,971.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,222 shares of the company’s stock after buying an additional 533,529 shares during the quarter. Bessemer Group Inc. owned about 0.20% of Royal Caribbean Cruises worth $169,165,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RCL. Financial Gravity Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the first quarter valued at $25,000. Hughes Financial Services LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises in the second quarter valued at $27,000. Optimum Investment Advisors purchased a new stake in Royal Caribbean Cruises in the first quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Royal Caribbean Cruises in the second quarter valued at $31,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock worth $10,091,282 in the last 90 days. Insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RCL shares. Citigroup upped their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein upped their price target on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a “buy” rating and a $405.00 target price on the stock. Finally, Truist Financial lowered their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. One 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 stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $332.14.

Royal Caribbean Cruises Stock Down 0.1%

RCL opened at $316.59 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average price of $329.49 and a 200 day moving average price of $293.74. The company has a market cap of $85.99 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.95 and a beta of 2.08.

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

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a dividend of $1.00 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Royal Caribbean Cruises Company Profile

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.