Meeder Asset Management Inc. Sells 10,108 Shares of Royal Caribbean Cruises Ltd. $RCL

Meeder Asset Management Inc. cut its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 98.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 119 shares of the company’s stock after selling 10,108 shares during the quarter. Meeder Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RCL. Frazier Financial Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 27.1% in the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock worth $43,000 after purchasing an additional 29 shares during the period. Prosperity Financial Group Inc. boosted its stake in Royal Caribbean Cruises by 0.5% during the second quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after buying an additional 32 shares during the period. Westside Investment Management Inc. grew its position in Royal Caribbean Cruises by 29.1% during the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock worth $45,000 after buying an additional 32 shares in the last quarter. CX Institutional increased its stake in Royal Caribbean Cruises by 1.4% in the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after acquiring an additional 34 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in Royal Caribbean Cruises by 16.1% in the 2nd quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock worth $79,000 after acquiring an additional 35 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial dropped their price target on Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating for the company in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Friday, December 26th. Jefferies Financial Group dropped their target price on shares of Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Stifel Nicolaus decreased their price target on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Susquehanna set a $350.00 price objective on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $326.27.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 14,234 shares in the company, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $291.51 on Wednesday. The company has a market capitalization of $79.50 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 0.79 and a beta of 1.94. The business has a 50 day moving average of $273.78 and a 200 day moving average of $307.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. Royal Caribbean Cruises Ltd. has a 1-year low of $164.01 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm 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. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid 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 of Directors has authorized a stock repurchase plan on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors 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.