Ossiam Purchases 2,714 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Ossiam raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 74.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,354 shares of the company's stock after acquiring an additional 2,714 shares during the quarter. Ossiam's holdings in Royal Caribbean Cruises were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RCL. Brown Brothers Harriman & Co. boosted its holdings in Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after buying an additional 99 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $36,000. Truvestments Capital LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $36,000. ORG Wealth Partners LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $40,000. Finally, Atlantic Edge Private Wealth Management LLC raised its position in shares of Royal Caribbean Cruises by 100.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock worth $46,000 after purchasing an additional 100 shares during the period. Institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 143,214 shares in the company, valued at $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard D. Fain sold 19,500 shares of the business'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 of the company's stock, valued at $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 ninety days, insiders have sold 109,492 shares of company stock valued at $28,571,705. Corporate insiders own 7.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RCL shares. Citigroup lifted their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. BNP Paribas started 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 for the company. Loop Capital upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, March 5th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday. Finally, Stifel Nicolaus lowered their price objective on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $272.53.

Royal Caribbean Cruises Stock Up 1.9 %

RCL traded up $3.99 during midday trading on Thursday, hitting $211.49. 1,515,761 shares of the company's stock traded hands, compared to its average volume of 2,322,596. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The company has a market cap of $56.92 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. The stock's fifty day simple moving average is $213.91 and its 200-day simple moving average is $225.96. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year 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 earnings per share for the quarter, beating analysts' consensus estimates 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 prior year, the company posted $1.25 EPS. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its board has authorized a stock repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.42%. Royal Caribbean Cruises's dividend payout ratio is currently 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.