Life Planning Partners Inc Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Life Planning Partners Inc acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,069 shares of the company's stock, valued at approximately $5,322,000.

Several other large investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after buying an additional 406,048 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Royal Caribbean Cruises by 138.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock valued at $28,703,000 after buying an additional 93,899 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Royal Caribbean Cruises in the third quarter valued at approximately $14,544,000. Dakota Wealth Management raised its holdings in Royal Caribbean Cruises by 3,935.2% in the third quarter. Dakota Wealth Management now owns 76,871 shares of the company's stock valued at $13,635,000 after buying an additional 74,966 shares during the period. Finally, Mizuho Securities USA LLC raised its holdings 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 buying an additional 68,008 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 1.1 %

Shares of RCL traded up $2.90 during trading hours on Monday, reaching $262.99. The company's stock had a trading volume of 1,308,339 shares, compared to its average volume of 2,415,259. The firm has a market cap 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. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The company has a 50 day moving average of $243.57 and a two-hundred day moving average of $209.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating 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 prior year, the business posted $1.25 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

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

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.14%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio is presently 20.58%.

Insiders Place Their Bets

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total value of $5,005,260.00. Following the completion of the transaction, the director now owns 185,021 shares of the company's stock, valued at $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 392,109 shares of company stock valued at $92,652,468 over the last 90 days. 7.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RCL shares. Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Loop Capital started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, February 4th. They set a "hold" rating and a $250.00 price target for the company. Macquarie raised 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 report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, UBS Group raised their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.12.

Royal Caribbean Cruises 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.