1,180 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Certuity LLC

Certuity LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,180 shares of the company's stock, valued at approximately $272,000.

Several other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its position in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock worth $72,696,000 after buying an additional 406,048 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock worth $28,703,000 after acquiring an additional 93,899 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth about $14,544,000. Dakota Wealth Management raised its holdings in Royal Caribbean Cruises by 3,935.2% during the third quarter. Dakota Wealth Management now owns 76,871 shares of the company's stock worth $13,635,000 after purchasing an additional 74,966 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in Royal Caribbean Cruises by 372.6% in the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company's stock valued at $15,299,000 after purchasing an additional 68,008 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,500 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the transaction, the director now directly owns 185,021 shares in the company, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 392,109 shares of company stock worth $92,652,468 over the last ninety days. 7.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on RCL. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a report on Friday, December 6th. Macquarie upped their price target on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Argus raised their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $284.12.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $2.90 during trading on Monday, hitting $262.99. 1,308,339 shares of the company were exchanged, compared to its average volume of 2,415,259. The firm has a 50 day moving average price of $243.57 and a 200 day moving average price of $209.50. The stock has a market capitalization of $70.71 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 1.00 and a beta of 2.59. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the business earned $1.25 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its board has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.75 per share. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 20.58%.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.