Edmond DE Rothschild Holding S.A. trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 99.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company's stock after selling 148,000 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Royal Caribbean Cruises were worth $231,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its position in Royal Caribbean Cruises by 16.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,387 shares of the company's stock valued at $6,549,000 after acquiring an additional 3,918 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 8.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,848 shares of the company's stock valued at $2,010,000 after purchasing an additional 692 shares during the last quarter. Retirement Investment Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth $231,000. Life Planning Partners Inc purchased a new position in Royal Caribbean Cruises during the 4th quarter worth $5,322,000. Finally, Dorsey Wright & Associates acquired a new position in Royal Caribbean Cruises during the 4th quarter valued at about $4,221,000. Institutional investors own 87.53% of the company's stock.
Insider Transactions at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the stock in a transaction on Thursday, February 13th. The shares were 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 $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 14,992 shares of the business's 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. This represents a 41.48 % decrease in their position. 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 in the last three months. 7.95% of the stock is currently owned by company insiders.
Royal Caribbean Cruises Stock Performance
Shares of RCL traded down $11.05 during trading hours on Friday, hitting $177.60. The stock had a trading volume of 5,319,543 shares, compared to its average volume of 2,328,502. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.90 and a beta of 2.26. 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 50-day moving average price of $234.61 and a 200 day moving average price of $224.43. Royal Caribbean Cruises Ltd. has a fifty-two week low of $125.06 and a fifty-two week high of $277.08.
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 (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter last year, the company posted $1.25 EPS. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.
Royal Caribbean Cruises announced that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.
Royal Caribbean Cruises Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost 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 1.69%. Royal Caribbean Cruises's payout ratio is 28.06%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on RCL. Loop Capital raised Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, March 5th. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Mizuho reaffirmed an "outperform" rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Argus boosted their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $279.58.
Check Out Our Latest Analysis on RCL
Royal Caribbean Cruises 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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