Renaissance Group LLC Sells 18,660 Shares of Royal Caribbean Cruises Ltd. $RCL

Renaissance Group LLC lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.6% in the second quarter, Holdings Channel reports. The firm owned 129,688 shares of the company’s stock after selling 18,660 shares during the period. Royal Caribbean Cruises comprises about 1.6% of Renaissance Group LLC’s holdings, making the stock its 7th biggest position. Renaissance Group LLC’s holdings in Royal Caribbean Cruises were worth $40,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $31,000. 1 North Wealth Services LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter valued at approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises in the second quarter worth $32,000. Finally, Financial Gravity Companies Inc. bought a new position in Royal Caribbean Cruises during the second quarter worth $38,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the subject of a number of research reports. Stifel Nicolaus reduced their price target 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. Wells Fargo & Company assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday. They issued an “overweight” rating and a $320.00 target price for the company. UBS Group decreased their target price on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $326.82.

Insider Activity at Royal Caribbean Cruises

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

Royal Caribbean Cruises Stock Up 2.0%

Shares of RCL opened at $251.69 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average price of $302.30 and a two-hundred day moving average price of $302.07. The stock has a market cap of $68.64 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50.

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, topping analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.Royal Caribbean Cruises’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.20 EPS. 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 predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This is a boost 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 1.6%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

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.