Asset Planning Inc Acquires Shares of 3,400 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Asset Planning Inc acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,400 shares of the company's stock, valued at approximately $784,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises during the third quarter valued at about $26,000. Safe Harbor Fiduciary LLC purchased a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its stake in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock worth $30,000 after purchasing an additional 121 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter worth $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at $36,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company's stock, valued at $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,109 shares of company stock valued at $38,919,868. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Down 0.6 %

Royal Caribbean Cruises stock traded down $1.47 during mid-day trading on Tuesday, hitting $261.62. The company had a trading volume of 1,894,558 shares, compared to its average volume of 2,244,509. 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 1 year low of $113.10 and a 1 year high of $277.08. The business has a fifty day moving average of $243.88 and a 200 day moving average of $210.31. The stock has a market cap of $70.35 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.00 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating 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 period in the prior year, the business posted $1.25 EPS. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its board has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 1.15%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is 20.58%.

Wall Street Analysts Forecast Growth

RCL has been the subject of a number of research analyst reports. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 target price for the company. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th. Argus increased their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted 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 note on Friday, January 17th. Finally, Mizuho reiterated an "outperform" rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.