Kiker Wealth Management LLC Purchases Shares of 7,583 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kiker Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,583 shares of the company's stock, valued at approximately $1,749,000. Royal Caribbean Cruises makes up approximately 1.4% of Kiker Wealth Management LLC's holdings, making the stock its 18th biggest position.

A number of other large investors have also recently made changes to their positions in RCL. National Pension Service raised its stake in Royal Caribbean Cruises by 138.9% in the fourth quarter. National Pension Service now owns 864,049 shares of the company's stock valued at $199,327,000 after buying an additional 502,349 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $69,556,000. AustralianSuper Pty Ltd raised its position in shares of Royal Caribbean Cruises by 2,042.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company's stock worth $28,349,000 after acquiring an additional 117,152 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock worth $28,703,000 after purchasing an additional 93,899 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Royal Caribbean Cruises in the third quarter valued at approximately $14,544,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Macquarie upped their price objective on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Mizuho reaffirmed an "outperform" rating and set a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Finally, Susquehanna reissued a "positive" rating on shares of Royal Caribbean Cruises in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $283.53.

Royal Caribbean Cruises Stock Performance

NYSE RCL traded down $0.34 during trading hours on Tuesday, hitting $225.06. 1,677,293 shares of the stock were exchanged, compared to its average volume of 2,275,725. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The company has a market cap of $60.57 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. Royal Caribbean Cruises Ltd. has a 12-month low of $125.06 and a 12-month high of $277.08. The stock has a 50-day moving average of $239.97 and a 200 day moving average of $222.52.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS 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 in the previous year, the company posted $1.25 earnings per share. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be given a dividend of $0.75 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises's payout ratio is presently 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 sale, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock valued at $28,571,705 in the last ninety days. 7.95% of the stock is currently 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.