Nisa Investment Advisors LLC Trims Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Nisa Investment Advisors LLC lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.4% in the third quarter, HoldingsChannel reports. The firm owned 59,400 shares of the company’s stock after selling 4,084 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $19,277,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. Evolution Wealth Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $31,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Royal Caribbean Cruises in the second quarter valued at $32,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 2.3%

RCL stock opened at $311.43 on Friday. The firm has a 50 day simple moving average of $272.63 and a 200-day simple moving average of $307.39. The company has a market capitalization of $84.93 billion, a P/E ratio of 20.94, a PEG ratio of 0.80 and a beta of 1.94. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) 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 business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the business posted $5.20 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. 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. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its board has authorized a stock repurchase program on Wednesday, December 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, December 26th. This represents a $4.00 annualized dividend and a yield of 1.3%. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RCL shares. Wells Fargo & Company cut their price objective on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Citigroup reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 12th. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Stifel Nicolaus dropped their price objective on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $360.00 target price on Royal Caribbean Cruises in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $324.82.

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.