May Hill Capital LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,477 shares of the company's stock, valued at approximately $341,000.
Several other large investors have also recently made changes to their positions in RCL. Dorsey & Whitney Trust CO LLC grew its holdings in Royal Caribbean Cruises by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock valued at $470,000 after buying an additional 39 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 1.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock valued at $630,000 after purchasing an additional 42 shares in the last quarter. Hemington Wealth Management increased its position in Royal Caribbean Cruises by 9.0% in the fourth quarter. Hemington Wealth Management now owns 533 shares of the company's stock worth $123,000 after purchasing an additional 44 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Royal Caribbean Cruises by 3.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock valued at $313,000 after purchasing an additional 47 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in Royal Caribbean Cruises by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company's stock valued at $544,000 after purchasing an additional 50 shares during the last quarter. 87.53% of the stock is owned by institutional investors.
Insider Buying and Selling 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 dated Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total value of $4,447,540.00. Following the completion of the transaction, the chief financial officer now directly owns 42,127 shares in the company, valued at approximately $11,021,265.74. The trade was a 28.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 19,500 shares of the stock in a transaction dated 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 directly 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. In the last 90 days, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is currently owned by corporate insiders.
Royal Caribbean Cruises Stock Up 1.9 %
Shares of RCL traded up $4.05 during midday trading on Wednesday, reaching $212.17. 2,124,225 shares of the stock were exchanged, compared to its average volume of 2,310,217. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The company's 50 day moving average is $236.72 and its two-hundred day moving average is $224.63. The company has a market capitalization of $57.10 billion, a P/E ratio of 19.85, a PEG ratio of 0.90 and a beta of 2.53. Royal Caribbean Cruises Ltd. has a 52 week low of $125.06 and a 52 week high of $277.08.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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 quarter in the previous year, the business posted $1.25 EPS. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.
Royal Caribbean Cruises announced that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
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 issued 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 1.41%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio is currently 28.06%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on RCL shares. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price on the stock. Barclays upped their price objective on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Loop Capital raised Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, March 5th. Finally, Tigress Financial raised their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $279.58.
Check Out Our Latest Research Report on RCL
About Royal Caribbean Cruises
(
Free Report)
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.
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