Inceptionr LLC Acquires New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Inceptionr LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,894 shares of the company's stock, valued at approximately $898,000.

Several other large investors also recently bought and sold shares of RCL. Plato Investment Management Ltd purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $27,000. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Down 0.9 %

Shares of RCL stock traded down $1.95 during trading on Friday, hitting $213.59. 4,740,051 shares of the company were exchanged, compared to its average volume of 2,632,598. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.90 and a beta of 2.53. The business's 50-day simple moving average is $243.51 and its 200 day simple moving average is $218.26. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08.

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Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly 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 period last year, the business earned $1.25 EPS. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 represents a $3.00 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is 28.06%.

Royal Caribbean Cruises announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on RCL shares. Susquehanna decreased their price objective on shares of Royal Caribbean Cruises from $305.00 to $295.00 and set a "positive" rating on the stock in a report on Wednesday. UBS Group lifted 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 note on Tuesday, February 4th. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.53.

Insider Buying and Selling

In related news, CFO Naftali Holtz sold 17,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 42,127 shares in the company, valued at $11,021,265.74. This represents a 28.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction dated 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 owns 185,021 shares in the company, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by company insiders.

About Royal Caribbean Cruises

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.