PNC Financial Services Group Inc. Purchases 13,294 Shares of Royal Caribbean Cruises Ltd. $RCL

PNC Financial Services Group Inc. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 306,894 shares of the company’s stock after purchasing an additional 13,294 shares during the period. PNC Financial Services Group Inc.’s holdings in Royal Caribbean Cruises were worth $96,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the period. Cerity Partners LLC grew its stake in shares of Royal Caribbean Cruises by 18.6% in the first quarter. Cerity Partners LLC now owns 35,258 shares of the company’s stock worth $7,244,000 after acquiring an additional 5,523 shares during the last quarter. Stephens Inc. AR boosted its stake in Royal Caribbean Cruises by 3.4% in the 1st quarter. Stephens Inc. AR now owns 1,972 shares of the company’s stock worth $405,000 after purchasing an additional 65 shares in the last quarter. CWM LLC grew its position in Royal Caribbean Cruises by 0.4% during the 1st quarter. CWM LLC now owns 12,816 shares of the company’s stock valued at $2,633,000 after purchasing an additional 45 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Royal Caribbean Cruises by 3.8% during the 1st quarter. Signaturefd LLC now owns 5,429 shares of the company’s stock valued at $1,115,000 after purchasing an additional 197 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director directly owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises 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 transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $263.38 on Thursday. The stock has a market capitalization of $71.83 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The business’s fifty day moving average price is $310.36 and its 200-day moving average price is $300.60.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the prior year, the business earned $5.20 earnings per share. Royal Caribbean Cruises’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 analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced 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 represents a $4.00 annualized dividend and a yield of 1.5%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Analyst Ratings Changes

RCL has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Stifel Nicolaus decreased 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 report on Wednesday, October 29th. Royal Bank Of Canada set a $360.00 price objective on Royal Caribbean Cruises in a research report on Friday, October 31st. UBS Group reduced their target price on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Mizuho decreased their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $324.64.

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.