AustralianSuper Pty Ltd lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2,042.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,887 shares of the company's stock after acquiring an additional 117,152 shares during the quarter. AustralianSuper Pty Ltd's holdings in Royal Caribbean Cruises were worth $28,349,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in Royal Caribbean Cruises by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company's stock worth $1,530,000 after acquiring an additional 1,111 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company's stock worth $5,142,000 after buying an additional 12,530 shares during the last quarter. Souders Financial Advisors purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at $800,000. Merit Financial Group LLC lifted its position in Royal Caribbean Cruises by 541.0% in the fourth quarter. Merit Financial Group LLC now owns 9,897 shares of the company's stock valued at $2,283,000 after acquiring an additional 8,353 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company's stock valued at $128,699,000 after acquiring an additional 3,800 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Royal Caribbean Cruises
In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 19,500 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 185,021 shares in the company, valued at $47,491,190.28. This represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.95% of the company's stock.
Royal Caribbean Cruises Trading Up 0.8 %
Shares of RCL stock traded up $2.17 on Wednesday, reaching $263.97. 1,649,008 shares of the stock were exchanged, compared to its average volume of 2,225,905. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The stock has a market cap of $70.98 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 0.98 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. The firm has a 50 day moving average of $244.20 and a two-hundred day moving average of $211.17.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS 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 prior year, the business posted $1.25 EPS. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.
Royal Caribbean Cruises declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.
Royal Caribbean Cruises Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, March 7th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 20.58%.
Analyst Upgrades and Downgrades
RCL has been the subject of a number of research analyst reports. Mizuho reissued an "outperform" rating and issued a $253.00 target price (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price objective for the company. Loop Capital assumed coverage on Royal Caribbean Cruises in a report on Tuesday, February 4th. They set a "hold" rating and a $250.00 price target for the company. Finally, Barclays boosted their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" 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, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $284.12.
Read Our Latest Report on RCL
About Royal Caribbean Cruises
(
Free Report)
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.
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