Nordea Investment Management AB Grows Stock Holdings in Royal Caribbean Cruises Ltd. $RCL

Nordea Investment Management AB grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 253.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 556,061 shares of the company’s stock after acquiring an additional 398,849 shares during the period. Nordea Investment Management AB’s holdings in Royal Caribbean Cruises were worth $179,241,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $31,000. 1 North Wealth Services LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Evolution Wealth Management Inc. purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth $32,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $291.51 on Wednesday. The stock’s 50-day simple moving average is $273.78 and its 200-day simple moving average is $307.64. The firm has a market capitalization of $79.50 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.79 and a beta of 1.94. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The firm had revenue of $5.14 billion during 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%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.20 earnings per share. 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. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its board has approved a stock repurchase program on Wednesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

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

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was 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 of the company’s stock, valued at approximately $4,010,571.84. This trade represents 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 corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on RCL shares. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $316.00 to $373.00 and gave the company an “overweight” rating in a research note on Tuesday. Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Cowen reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Tuesday. Finally, Barclays reduced their target price on shares of Royal Caribbean Cruises from $342.00 to $324.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.27.

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.