Vanguard Group Inc. increased its stake in Royal Caribbean Cruises Ltd. by 1.6%, purchasing 461,990 additional shares, bringing its total to over 30 million shares valued at approximately $9.73 billion. Royal Caribbean’s board authorized a $2.0 billion share repurchase program and increased its quarterly dividend to $1.50 per share, reflecting management’s confidence. The company reported strong Q3 earnings, with EPS of $2.80 and revenue of $4.26 billion, aligning with analyst expectations and contributing to a “Moderate Buy” consensus rating with a target price of $348.29.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Vanguard Group Inc. Buys 461,990 Shares of Royal Caribbean Cruises Ltd. $RCL
Vanguard Group Inc. increased its stake in Royal Caribbean Cruises Ltd. by 1.6%, purchasing 461,990 additional shares, bringing its total to over 30 million shares valued at approximately $9.73 billion. Royal Caribbean’s board authorized a $2.0 billion share repurchase program and increased its quarterly dividend to $1.50 per share, reflecting management’s confidence. The company reported strong Q3 earnings, with EPS of $2.80 and revenue of $4.26 billion, aligning with analyst expectations and contributing to a “Moderate Buy” consensus rating with a target price of $348.29.