First National Advisers LLC Reduces Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

First National Advisers LLC lessened its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,517 shares of the company's stock after selling 3,556 shares during the period. First National Advisers LLC's holdings in Royal Caribbean Cruises were worth $2,887,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises in the third quarter worth about $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 purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $36,000. Finally, Truvestments Capital LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Argus boosted their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 target price for the company. The Goldman Sachs Group cut their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Truist Financial increased their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average price target of $283.53.

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Royal Caribbean Cruises Stock Down 0.2 %

Royal Caribbean Cruises stock traded down $0.37 during trading hours on Thursday, reaching $214.75. The stock had a trading volume of 2,271,058 shares, compared to its average volume of 2,272,239. Royal Caribbean Cruises Ltd. has a 52 week low of $125.06 and a 52 week high of $277.08. The company has a market cap of $57.79 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 0.90 and a beta of 2.53. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The business's 50 day moving average price is $240.46 and its 200-day moving average price is $220.86.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the business earned $1.25 earnings per share. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

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. This represents a $3.00 annualized dividend and a yield of 1.40%. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises's payout ratio is 28.06%.

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.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the sale, the chief financial officer now owns 42,127 shares of the company's stock, valued at approximately $11,021,265.74. The trade was a 28.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $5,005,260.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 109,492 shares of company stock valued at $28,571,705 in the last ninety days. Corporate insiders own 7.95% of the company's stock.

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.