Phoenix Financial Ltd. 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 and Exchange Commission. The fund acquired 5,783 shares of the company's stock, valued at approximately $1,334,000.
A number of other large investors also recently bought and sold shares of RCL. Venturi Wealth Management LLC increased its holdings in Royal Caribbean Cruises by 511.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company's stock worth $498,000 after buying an additional 1,804 shares during the period. Park Avenue Securities LLC increased its position 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 in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company's stock worth $5,142,000 after buying an additional 12,530 shares in the last quarter. Lorne Steinberg Wealth Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $231,000. Finally, Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after acquiring an additional 353,893 shares during the last quarter. Institutional investors own 87.53% of the company's stock.
Royal Caribbean Cruises Trading Up 0.0 %
NYSE RCL traded up $0.09 on Wednesday, hitting $193.46. The company's stock had a trading volume of 473,969 shares, compared to its average volume of 2,338,978. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The firm has a market cap of $52.07 billion, a PE ratio of 18.10, a PEG ratio of 0.90 and a beta of 2.26. The company's 50-day moving average is $221.66 and its 200 day moving average is $225.48. Royal Caribbean Cruises Ltd. has a 1-year low of $125.06 and a 1-year high of $277.08.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the business posted $1.25 earnings per share. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.
Royal Caribbean Cruises Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were paid a $0.75 dividend. This is a boost 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 1.55%. Royal Caribbean Cruises's dividend payout ratio is 28.06%.
Royal Caribbean Cruises announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on RCL shares. Morgan Stanley reduced their target price on shares of Royal Caribbean Cruises from $270.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Susquehanna restated a "positive" rating on shares of Royal Caribbean Cruises in a research report on Tuesday, March 25th. BNP Paribas began coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price target for the company. Finally, Macquarie upped their price target on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $276.95.
Check Out Our Latest Report on Royal Caribbean Cruises
Insider Buying and Selling
In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction dated 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 sale, the director now owns 185,021 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total value of $15,193,100.00. Following the sale, the chief executive officer now directly owns 143,214 shares in the company, valued at $37,514,907.30. This trade represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock worth $28,571,705 in the last ninety days. 7.95% of the stock is owned by insiders.
Royal Caribbean Cruises Profile
(
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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