Natixis Advisors LLC Has $40.74 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Natixis Advisors LLC trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,598 shares of the company's stock after selling 4,061 shares during the period. Natixis Advisors LLC owned about 0.07% of Royal Caribbean Cruises worth $40,740,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its position in Royal Caribbean Cruises by 511.0% in the fourth quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company's stock valued at $498,000 after acquiring an additional 1,804 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Royal Caribbean Cruises by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 6,630 shares of the company's stock worth $1,530,000 after purchasing an additional 1,111 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 76.1% during the third quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company's stock worth $5,142,000 after purchasing an additional 12,530 shares during the last quarter. Lorne Steinberg Wealth Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $231,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 291,027 shares of the company's stock worth $67,137,000 after purchasing an additional 7,740 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. The Goldman Sachs Group decreased their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating on the stock in a report on Friday, January 24th. UBS Group upped their price target on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Barclays upped their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Tigress Financial upped their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $283.53.

Royal Caribbean Cruises Stock Down 0.2 %

Shares of NYSE RCL traded down $0.37 during mid-day trading on Thursday, reaching $214.75. 2,250,182 shares of the company's stock were exchanged, compared to its average volume of 2,272,238. The firm has a market capitalization of $57.79 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 0.90 and a beta of 2.53. 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 business has a fifty day simple moving average of $240.46 and a 200 day simple moving average of $220.86. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08.

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, topping analysts' consensus estimates 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 quarter last year, the company earned $1.25 EPS. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback 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 stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the firm'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 value of $5,005,260.00. Following the completion of the transaction, the director now directly owns 185,021 shares in the company, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the transaction, the insider now owns 21,155 shares of the company's stock, valued at $5,539,648.30. This represents a 41.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is owned by corporate insiders.

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.