Noesis Capital Mangement Corp Trims Stake in Royal Caribbean Cruises Ltd. $RCL

Noesis Capital Mangement Corp lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 76,156 shares of the company’s stock after selling 1,852 shares during the quarter. Royal Caribbean Cruises makes up 3.8% of Noesis Capital Mangement Corp’s holdings, making the stock its 7th biggest position. Noesis Capital Mangement Corp’s holdings in Royal Caribbean Cruises were worth $24,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in Royal Caribbean Cruises by 12.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,766 shares of the company’s stock worth $12,453,000 after acquiring an additional 4,558 shares during the last quarter. California Public Employees Retirement System lifted its stake in Royal Caribbean Cruises by 11.1% in the second quarter. California Public Employees Retirement System now owns 433,018 shares of the company’s stock valued at $135,595,000 after buying an additional 43,184 shares during the period. WESPAC Advisors LLC bought a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $522,000. Marion Wealth Management bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $291,000. Finally, Aberdeen Group plc increased its holdings in shares of Royal Caribbean Cruises by 6.3% in the second quarter. Aberdeen Group plc now owns 137,099 shares of the company’s stock worth $42,802,000 after acquiring an additional 8,121 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Truist Financial reduced their price target on shares of Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating for the company in a report on Tuesday, December 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Stifel Nicolaus reduced their target price on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Mizuho lowered their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.82.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s 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 transaction, the director owned 14,234 shares in the company, valued at $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 1.6%

Shares of RCL opened at $302.38 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The firm has a market cap of $82.46 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.78 and a beta of 1.94. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The business’s fifty day moving average is $271.74 and its 200-day moving average is $307.15.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $5.20 EPS. 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. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

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

Royal Caribbean Cruises announced that its board has approved a stock buyback plan on Wednesday, December 10th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About Royal Caribbean Cruises

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.