Belpointe Asset Management LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,358 shares of the company's stock, valued at approximately $313,000.
A number of other institutional investors and hedge funds also recently modified their holdings of RCL. Dorsey & Whitney Trust CO LLC increased its position in shares of Royal Caribbean Cruises by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock worth $470,000 after purchasing an additional 39 shares during the last quarter. Farther Finance Advisors LLC raised its position in Royal Caribbean Cruises by 1.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock worth $630,000 after acquiring an additional 42 shares in the last quarter. Hemington Wealth Management lifted its stake in Royal Caribbean Cruises by 9.0% in the fourth quarter. Hemington Wealth Management now owns 533 shares of the company's stock valued at $123,000 after acquiring an additional 44 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Royal Caribbean Cruises by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock valued at $313,000 after acquiring an additional 47 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Royal Caribbean Cruises by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company's stock worth $544,000 after purchasing an additional 50 shares during the period. 87.53% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on RCL shares. Loop Capital upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, March 5th. Morgan Stanley cut their target price on shares of Royal Caribbean Cruises from $270.00 to $220.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Macquarie upped their price target on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, BNP Paribas started coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and an average target price of $276.95.
View Our Latest Analysis on RCL
Royal Caribbean Cruises Trading Down 1.0 %
Shares of RCL stock opened at $191.44 on Thursday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $126.65 and a fifty-two week high of $277.08. The stock's fifty day moving average price is $220.20 and its two-hundred day moving average price is $225.24. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The company has a market cap of $51.52 billion, a PE ratio of 17.91, a P/E/G ratio of 0.90 and a beta of 2.26.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $1.25 earnings per share. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Royal Caribbean Cruises Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 7th were given a $0.75 dividend. The ex-dividend date was Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.57%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 28.06%.
Royal Caribbean Cruises declared that its board has initiated a stock buyback plan 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 shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
Insiders Place Their Bets
In other news, CEO Jason T. Liberty sold 58,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the sale, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. The trade was a 28.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 14,992 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the completion of the transaction, the insider now owns 21,155 shares of the company's stock, valued at approximately $5,539,648.30. This trade represents a 41.48 % 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 currently owned by insiders.
Royal Caribbean Cruises Company Profile
(
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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