GAM Holding AG Acquires 7,613 Shares of Royal Caribbean Cruises Ltd. $RCL

GAM Holding AG boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 22.8% in the third quarter, HoldingsChannel reports. The firm owned 41,038 shares of the company’s stock after purchasing an additional 7,613 shares during the period. GAM Holding AG’s holdings in Royal Caribbean Cruises were worth $13,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RCL. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises during the second quarter worth $31,000. 1 North Wealth Services LLC acquired a new stake in Royal Caribbean Cruises in the second quarter worth $31,000. Evolution Wealth Management Inc. acquired a new stake in Royal Caribbean Cruises in the second quarter worth $31,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Royal Caribbean Cruises in the second quarter valued at $32,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating on the stock in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. cut their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Royal Bank Of Canada set a $360.00 price objective on Royal Caribbean Cruises in a report on Friday, October 31st. Mizuho cut their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Finally, Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $324.82.

Royal Caribbean Cruises Trading Up 1.5%

Shares of Royal Caribbean Cruises stock opened at $283.15 on Friday. The company has a market capitalization of $77.22 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91. The stock has a fifty day simple moving average of $271.99 and a 200 day simple moving average of $306.34. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last issued 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 business had revenue of $5.14 billion for 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%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $4.00 annualized dividend and a yield of 1.4%. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Royal Caribbean Cruises announced that its board has initiated a share buyback program on Wednesday, December 10th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents 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 Company Profile

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.