Asset Management One Co. Ltd. Purchases 23,160 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Asset Management One Co. Ltd. grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,729 shares of the company's stock after acquiring an additional 23,160 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Royal Caribbean Cruises worth $34,843,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RCL. Exchange Traded Concepts LLC lifted its position in Royal Caribbean Cruises by 241.5% during the third quarter. Exchange Traded Concepts LLC now owns 888 shares of the company's stock worth $157,000 after acquiring an additional 628 shares during the last quarter. Creative Planning lifted its position in Royal Caribbean Cruises by 12.8% during the third quarter. Creative Planning now owns 38,119 shares of the company's stock worth $6,761,000 after acquiring an additional 4,311 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Royal Caribbean Cruises by 1.1% during the third quarter. Vontobel Holding Ltd. now owns 12,428 shares of the company's stock worth $2,204,000 after acquiring an additional 133 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in Royal Caribbean Cruises by 40.1% during the third quarter. Cornerstone Wealth Management LLC now owns 1,796 shares of the company's stock worth $319,000 after acquiring an additional 514 shares during the last quarter. Finally, Kowal Investment Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the third quarter valued at approximately $221,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded down $1.12 during midday trading on Tuesday, reaching $261.97. 846,529 shares of the company were exchanged, compared to its average volume of 2,208,146. The stock's 50-day moving average price is $243.88 and its 200-day moving average price is $210.31. The stock has a market cap of $70.44 billion, a P/E ratio of 24.50, a PEG ratio of 1.00 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one 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.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its 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 net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the previous year, the firm earned $1.25 EPS. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a $0.75 dividend. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.15%. Royal Caribbean Cruises's payout ratio is currently 20.58%.

Royal Caribbean Cruises announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RCL shares. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Mizuho reiterated an "outperform" rating and issued a $253.00 price target (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Finally, Citigroup lifted their price target on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $284.12.

Insider Buying and Selling

In other Royal Caribbean Cruises news, 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 transaction of $5,005,260.00. Following the sale, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,109 shares of company stock valued at $38,919,868 over the last 90 days. 7.95% of the stock is owned by insiders.

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.