Sat Sep 21 11:44:45 UTC 2024: ## Mercer Global Advisors Boosts Investment in Royal Caribbean Cruises

**New York, NY (September 21, 2024):** Mercer Global Advisors Inc. ADV increased its stake in Royal Caribbean Cruises Ltd. (NYSE: RCL) by 15.6% during the second quarter, according to HoldingsChannel. The firm now owns 40,940 shares of the cruise company, valued at $6,502,000.

This move follows a trend of institutional investors and hedge funds showing interest in RCL. Several other firms also adjusted their holdings in the company during recent quarters, with some acquiring new stakes and others increasing existing ones.

The positive outlook for RCL is further supported by recent research reports. Tigress Financial, Bank of America, UBS Group, and JPMorgan Chase & Co. have all raised their price targets on the company, with most analysts rating RCL as a “Buy.” The consensus rating for RCL is “Moderate Buy” with a target price of $182.31, according to MarketBeat.

RCL recently reported strong second-quarter earnings, exceeding analysts’ expectations. The company also announced a dividend of $0.40 per share, payable on October 11th.

**Insider activity further supports a positive outlook for RCL:** CFO Naftali Holtz purchased 5,350 shares in August, while Director Vagn O. Sorensen sold 5,800 shares. Despite this sale, company insiders still own 7.95% of RCL’s stock.

Overall, the recent activity suggests a strong level of confidence in Royal Caribbean Cruises, fueled by positive financial performance and a favorable outlook from analysts and investors.

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