Royal Caribbean Cruises Ltd. $RCL Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,389 shares of the company’s stock after acquiring an additional 6,828 shares during the period. TD Asset Management Inc’s holdings in Royal Caribbean Cruises were worth $32,062,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RCL. Brighton Jones LLC increased its stake in shares of Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC increased its position in Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company’s stock valued at $1,411,000 after acquiring an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Royal Caribbean Cruises by 3.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company’s stock valued at $3,624,000 after acquiring an additional 554 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Royal Caribbean Cruises by 480.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,413 shares of the company’s stock valued at $496,000 after purchasing an additional 1,997 shares during the period. Finally, Clarius Group LLC increased its holdings in shares of Royal Caribbean Cruises by 18.3% during the first quarter. Clarius Group LLC now owns 1,987 shares of the company’s stock valued at $408,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock valued at $10,091,282 over the last ninety days. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 3.9%

Royal Caribbean Cruises stock opened at $299.10 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The firm has a market cap of $81.24 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm’s 50 day moving average price is $329.19 and its two-hundred day moving average price is $287.35.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.Royal Caribbean Cruises’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 earnings per share. 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, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is 29.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RCL. Wall Street Zen raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Bank of America raised their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Finally, UBS Group raised 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 note on Friday, August 8th. One investment 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 stock. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

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.