Achmea Investment Management B.V. Purchases 18,388 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Achmea Investment Management B.V. raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 115.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 34,381 shares of the company's stock after buying an additional 18,388 shares during the period. Achmea Investment Management B.V.'s holdings in Royal Caribbean Cruises were worth $7,931,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. D1 Capital Partners L.P. boosted its position in Royal Caribbean Cruises by 3.8% in the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company's stock valued at $278,502,000 after buying an additional 58,159 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Royal Caribbean Cruises by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company's stock valued at $350,418,000 after buying an additional 48,480 shares during the last quarter. National Pension Service boosted its position in Royal Caribbean Cruises by 138.9% in the 4th quarter. National Pension Service now owns 864,049 shares of the company's stock valued at $199,327,000 after buying an additional 502,349 shares during the last quarter. Swiss National Bank boosted its position in Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock valued at $128,699,000 after buying an additional 3,800 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in Royal Caribbean Cruises by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company's stock valued at $104,918,000 after buying an additional 13,520 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

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Insider Activity at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the sale, the insider now owns 21,155 shares of the company's stock, valued at approximately $5,539,648.30. The trade was a 41.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Down 7.3 %

Shares of RCL traded down $16.07 during midday trading on Tuesday, hitting $203.34. The stock had a trading volume of 3,363,829 shares, compared to its average volume of 2,271,095. The company has a 50 day simple moving average of $241.13 and a two-hundred day simple moving average of $220.62. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08. The firm has a market cap of $54.72 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) 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 company earned $1.25 EPS. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board 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. Investors of record on Friday, March 7th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is currently 28.06%.

Wall Street Analyst Weigh In

RCL has been the topic of several recent research reports. Argus raised their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Macquarie raised their price objective on 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, The Goldman Sachs Group dropped their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.53.

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.