Ensign Peak Advisors Inc Boosts Holdings in Royal Caribbean Cruises Ltd. $RCL

Ensign Peak Advisors Inc grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 130.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544,955 shares of the company’s stock after purchasing an additional 308,841 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Royal Caribbean Cruises were worth $170,647,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RCL. Dorsey Wright & Associates grew its stake in shares of Royal Caribbean Cruises by 9.5% in the second quarter. Dorsey Wright & Associates now owns 20,988 shares of the company’s stock worth $6,572,000 after acquiring an additional 1,826 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Royal Caribbean Cruises by 6.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,349 shares of the company’s stock valued at $735,000 after purchasing an additional 150 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company’s stock worth $9,270,252,000 after purchasing an additional 929,414 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Royal Caribbean Cruises by 21.5% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 1,843 shares of the company’s stock worth $577,000 after purchasing an additional 326 shares during the last quarter. Finally, Sykon Capital LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at $333,000. Institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value 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. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RCL shares. Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. UBS Group cut their target price on shares of Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Royal Caribbean Cruises in a report on Tuesday. They issued an “overweight” rating and a $320.00 target price on the stock. Finally, Citigroup decreased their price objective on Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.82.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $256.06 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a twelve month low of $164.01 and a twelve month high of $366.50. The business has a 50-day moving average price of $300.59 and a 200-day moving average price of $301.75. The firm has a market cap of $69.83 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the previous year, the firm earned $5.20 EPS. The firm’s revenue 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. As a group, equities research 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 declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is presently 26.90%.

Royal Caribbean Cruises Company 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.