Hudock Inc. Invests $247,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Hudock Inc. purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,071 shares of the company's stock, valued at approximately $247,000.

A number of other institutional investors have also made changes to their positions in RCL. International Assets Investment Management LLC grew its stake in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after acquiring an additional 406,048 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Royal Caribbean Cruises by 138.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock valued at $28,703,000 after purchasing an additional 93,899 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $14,544,000. Dakota Wealth Management raised its holdings in Royal Caribbean Cruises by 3,935.2% during the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company's stock worth $13,635,000 after buying an additional 74,966 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in Royal Caribbean Cruises by 372.6% in the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company's stock valued at $15,299,000 after buying an additional 68,008 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company's stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 392,109 shares of company stock worth $92,652,468 in the last quarter. 7.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on RCL. Loop Capital initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, February 4th. They set a "hold" rating and a $250.00 price objective on the stock. StockNews.com raised Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Susquehanna upped their price target on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Finally, Barclays raised their price target on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and fourteen have issued 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 $284.12.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $2.90 during mid-day trading on Monday, reaching $262.99. The company had a trading volume of 1,308,339 shares, compared to its average volume of 2,415,259. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $277.08. The business's 50-day simple moving average is $243.57 and its 200 day simple moving average is $209.50. 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 $70.71 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.00 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating 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 firm posted $1.25 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The business 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 dividend of $0.75 per share. 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. This represents a $3.00 annualized dividend and a dividend yield of 1.14%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 20.58%.

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.