Cerity Partners LLC Has $6.86 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cerity Partners LLC cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,735 shares of the company's stock after selling 2,077 shares during the quarter. Cerity Partners LLC's holdings in Royal Caribbean Cruises were worth $6,860,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RCL. Norges Bank acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $707,833,000. Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares during the last quarter. National Pension Service boosted its holdings in shares of Royal Caribbean Cruises by 138.9% during the fourth quarter. National Pension Service now owns 864,049 shares of the company's stock worth $199,327,000 after purchasing an additional 502,349 shares during the last quarter. Geode Capital Management LLC increased its position in Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth about $69,556,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 $11,021,265.74. The trade was a 28.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction dated 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 sale, the insider now directly owns 21,155 shares of the company's stock, valued at $5,539,648.30. The trade was a 41.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock worth $28,571,705 over the last ninety days. Company insiders own 7.95% of the company's stock.

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Royal Caribbean Cruises Trading Up 0.8 %

Shares of RCL traded up $1.56 during trading hours on Tuesday, hitting $193.38. 2,116,484 shares of the stock traded hands, compared to its average volume of 2,350,095. The business has a fifty day moving average of $223.20 and a 200-day moving average of $225.70. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $52.04 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. Royal Caribbean Cruises Ltd. has a 1-year low of $125.06 and a 1-year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results 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 EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, March 7th. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio is 28.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Stifel Nicolaus lowered their price objective on Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. UBS Group lifted their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $276.95.

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.