Oregon Public Employees Retirement Fund Acquires 400 Shares of Royal Caribbean Cruises Ltd. $RCL

Oregon Public Employees Retirement Fund boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,630 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Royal Caribbean Cruises were worth $6,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Royal Caribbean Cruises in the second quarter worth $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at $32,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the first quarter valued at $25,000. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

RCL has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Jefferies Financial Group upped their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Truist Financial reduced their target price on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Sanford C. Bernstein upped their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.95.

Insider Activity at Royal Caribbean Cruises

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 value of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 16,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Down 0.8%

NYSE RCL opened at $304.66 on Monday. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week 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 market capitalization of $82.75 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08. The stock’s 50-day moving average price is $329.61 and its 200-day moving average price is $285.66.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) 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 company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm posted $3.21 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Thursday, September 25th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend 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 payout ratio is 29.99%.

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.