Teacher Retirement System of Texas Decreases Stake in Royal Caribbean Cruises Ltd. $RCL

Teacher Retirement System of Texas lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,804 shares of the company’s stock after selling 4,391 shares during the quarter. Teacher Retirement System of Texas’ holdings in Royal Caribbean Cruises were worth $14,030,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RCL. Financial Gravity Asset Management Inc. purchased a new position in Royal Caribbean Cruises in the first quarter worth approximately $25,000. Hughes Financial Services LLC purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Optimum Investment Advisors purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 8.7%

RCL stock opened at $292.51 on Wednesday. The company has a fifty day moving average price of $328.59 and a 200 day moving average price of $295.21. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a market cap of $79.45 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 0.96 and a beta of 2.08. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) 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 analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company 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. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.4%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio is presently 29.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Truist Financial reduced their price objective on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research report on Friday, September 19th. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $332.14.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the business’s 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 directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares in the company, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.95% of the company’s stock.

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.