Callan Family Office LLC Buys New Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Callan Family Office LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,273 shares of the company's stock, valued at approximately $524,000.

Several other large investors also recently added to or reduced their stakes in RCL. Plato Investment Management Ltd bought a new stake in Royal Caribbean Cruises during the third quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises during the third quarter worth approximately $27,000. LRI Investments LLC bought a new stake in Royal Caribbean Cruises during the third quarter worth approximately $31,000. Bay Harbor Wealth Management LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $40,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Up 0.1 %

Royal Caribbean Cruises stock traded up $0.17 during mid-day trading on Wednesday, reaching $207.34. 3,018,004 shares of the company were exchanged, compared to its average volume of 2,740,443. The business has a fifty day moving average of $242.06 and a 200 day moving average of $219.25. 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 firm has a market cap of $55.80 billion, a P/E ratio of 19.40, a PEG ratio of 0.90 and a beta of 2.53. Royal Caribbean Cruises Ltd. has a 12-month low of $125.06 and a 12-month high of $277.08.

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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 return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the company earned $1.25 earnings per share. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its board has initiated a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared 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 is Friday, March 7th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. Royal Caribbean Cruises's dividend payout ratio is presently 28.06%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,500 shares of the company'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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Naftali Holtz sold 17,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the transaction, the chief financial officer now directly owns 42,127 shares in the company, valued at approximately $11,021,265.74. The trade was a 28.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,492 shares of company stock valued at $28,571,705. Corporate insiders own 7.95% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on RCL shares. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 target price for the company. The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Barclays boosted their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $283.53.

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.