GAM Holding AG Decreases Position in Royal Caribbean Cruises Ltd. $RCL

GAM Holding AG cut its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 33,425 shares of the company’s stock after selling 955 shares during the period. GAM Holding AG’s holdings in Royal Caribbean Cruises were worth $10,467,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Revisor Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises in the first quarter worth approximately $1,525,000. Florida Financial Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company’s stock worth $402,000 after acquiring an additional 914 shares during the period. Roberts Capital Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the first quarter worth approximately $572,000. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Royal Caribbean Cruises by 7,890.2% in the first quarter. Cullen Frost Bankers Inc. now owns 36,675 shares of the company’s stock worth $7,535,000 after acquiring an additional 36,216 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

RCL opened at $284.69 on Friday. The firm has a market cap of $77.33 billion, a P/E ratio of 19.15, a PEG ratio of 0.84 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The company has a 50 day simple moving average of $326.81 and a two-hundred day simple moving average of $295.75. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion during 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%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Equities 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 was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 29.99%.

Insider Buying and Selling

In related news, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction on 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 approximately $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction on 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 represents a 9.62% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented 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 for the company in a research note on Friday, September 19th. Barclays cut their target price on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Susquehanna set a $350.00 target price on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday. Finally, Mizuho cut 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 research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.29.

Royal Caribbean Cruises 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.