Royal Caribbean Cruises Ltd. $RCL Position Boosted by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,386 shares of the company’s stock after buying an additional 751 shares during the quarter. New York Life Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $11,707,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises during the second quarter worth $31,000. 1 North Wealth Services LLC bought a new position in Royal Caribbean Cruises during the second quarter worth $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $32,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $25,000. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RCL shares. Truist Financial reduced their price target on shares of 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. Sanford C. Bernstein raised their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Tigress Financial raised their price target on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $332.14.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $292.51 on Wednesday. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a market cap of $79.45 billion, a PE ratio of 21.93, a P/E/G ratio of 0.96 and a beta of 2.08. The stock has a 50 day simple moving average of $328.59 and a 200-day simple moving average of $295.21. 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 (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the company posted $5.20 EPS. The business’s revenue for the quarter 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. Q4 2025 guidance at 2.740-2.790 EPS. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio is currently 29.99%.

Insider Activity

In other news, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares of the company’s stock, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.95% of the company’s stock.

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.