OneDigital Investment Advisors LLC Sells 5,233 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

OneDigital Investment Advisors LLC lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 51.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,962 shares of the company's stock after selling 5,233 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Royal Caribbean Cruises were worth $1,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its stake in Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after purchasing an additional 99 shares during the period. Bay Harbor Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. ORG Wealth Partners LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $40,000. Finally, Atlantic Edge Private Wealth Management LLC raised its position in Royal Caribbean Cruises by 100.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock valued at $46,000 after buying an additional 100 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RCL shares. UBS Group raised their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on shares of Royal Caribbean Cruises from $270.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target on the stock. Barclays decreased their price objective on Royal Caribbean Cruises from $308.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Loop Capital upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $272.85.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. This represents a 9.53 % 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, insider Laura H. Bethge sold 14,992 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 21,155 shares of the company's stock, valued at approximately $5,539,648.30. This trade represents a 41.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,492 shares of company stock valued at $28,571,705 over the last quarter. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded up $1.50 during trading hours on Tuesday, reaching $217.81. 3,226,440 shares of the stock were exchanged, compared to its average volume of 2,310,092. The firm has a market capitalization of $59.14 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 0.90 and a beta of 2.26. The stock's fifty day simple moving average is $210.95 and its 200 day simple moving average is $226.99. 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 52 week low of $130.08 and a 52 week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter last year, the business earned $1.77 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 7th were issued a dividend of $0.75 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 7th. This represents a $3.00 annualized dividend and a yield of 1.38%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 28.06%.

Royal Caribbean Cruises announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.