Blair William & Co. IL Has $17.59 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Blair William & Co. IL decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 76,230 shares of the company's stock after selling 2,009 shares during the period. Blair William & Co. IL's holdings in Royal Caribbean Cruises were worth $17,586,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RCL. Safe Harbor Fiduciary LLC purchased a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $27,000. LRI Investments LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $36,000. Truvestments Capital LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 14,992 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the completion of the sale, the insider now owns 21,155 shares in the company, valued at approximately $5,539,648.30. This represents a 41.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total value of $5,005,260.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold a total of 109,492 shares of company stock valued at $28,571,705 over the last ninety days. Insiders own 7.95% of the company's stock.

Remove Ads

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $1.98 during mid-day trading on Tuesday, reaching $207.42. 1,413,679 shares of the company traded hands, compared to its average volume of 2,319,809. Royal Caribbean Cruises Ltd. has a fifty-two week low of $125.06 and a fifty-two week high of $277.08. The firm has a market cap of $55.82 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The stock has a fifty day simple moving average of $237.90 and a 200-day simple moving average of $224.44. 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 announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating 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 period last year, the business earned $1.25 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a yield of 1.45%. Royal Caribbean Cruises's dividend payout ratio is currently 28.06%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RCL. Jefferies Financial Group started coverage on Royal Caribbean Cruises in a report on Monday. They set a "hold" rating and a $230.00 price target for the company. Truist Financial boosted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, December 6th. BNP Paribas initiated coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price on the stock. Finally, UBS Group increased their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $279.58.

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.