Life Planning Partners Inc Buys New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Life Planning Partners Inc acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,069 shares of the company's stock, valued at approximately $5,322,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RCL. Dorsey Wright & Associates acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at $4,221,000. Schroder Investment Management Group grew its holdings in shares of Royal Caribbean Cruises by 50.5% during the fourth quarter. Schroder Investment Management Group now owns 53,628 shares of the company's stock worth $12,482,000 after buying an additional 17,994 shares during the last quarter. Okabena Investment Services Inc. increased its position in Royal Caribbean Cruises by 46.0% in the 4th quarter. Okabena Investment Services Inc. now owns 4,952 shares of the company's stock valued at $1,142,000 after acquiring an additional 1,560 shares during the period. Strategy Asset Managers LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $248,000. Finally, Allianz SE acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $835,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares of the company's stock, valued at $5,539,648.30. The trade was a 41.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities analysts have issued reports on RCL shares. Jefferies Financial Group initiated coverage on shares of Royal Caribbean Cruises in a research note on Monday. They issued a "hold" rating and a $230.00 price objective on the stock. Argus raised their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Mizuho reiterated an "outperform" rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Finally, Loop Capital raised Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $279.58.

Royal Caribbean Cruises Trading Up 1.2 %

Shares of RCL stock traded up $2.43 during mid-day trading on Tuesday, hitting $207.87. 2,077,605 shares of the company's stock were exchanged, compared to its average volume of 2,322,156. The stock has a market cap of $55.94 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.90 and a beta of 2.53. The stock has a 50-day simple moving average of $237.90 and a two-hundred day simple moving average of $224.44. Royal Caribbean Cruises Ltd. has a fifty-two week low of $125.06 and a fifty-two week high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released 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 period in the previous year, the firm earned $1.25 EPS. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company 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 $0.75 dividend. 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 1.44%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio (DPR) is 28.06%.

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.