RD Lewis Holdings Inc. Purchases New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

RD Lewis Holdings Inc. acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,349 shares of the company's stock, valued at approximately $311,000.

Other large investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in shares of Royal Caribbean Cruises by 511.0% during the fourth quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company's stock valued at $498,000 after buying an additional 1,804 shares during the last quarter. Park Avenue Securities LLC grew its stake 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 valued at $1,530,000 after buying an additional 1,111 shares during the last quarter. Sanctuary Advisors LLC grew its stake 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 valued at $5,142,000 after buying an additional 12,530 shares during the last quarter. Lorne Steinberg Wealth Management Inc. bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $231,000. Finally, Principal Financial Group Inc. grew its stake in Royal Caribbean Cruises by 2.7% in 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 in the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RCL. Morgan Stanley increased their price objective on Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating for the company in a report on Friday, January 24th. StockNews.com upgraded Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a report on Tuesday, November 26th. Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 target price for the company. Finally, Loop Capital upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $283.53.

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Insiders Place Their Bets

In other news, CFO Naftali Holtz sold 17,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the sale, the chief financial officer now directly owns 42,127 shares in the company, valued at $11,021,265.74. This trade represents a 28.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason T. Liberty sold 58,000 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 109,492 shares of company stock valued at $28,571,705. Company insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL traded up $1.04 during mid-day trading on Friday, hitting $215.76. The stock had a trading volume of 3,608,502 shares, compared to its average volume of 2,272,103. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The company has a 50 day moving average of $240.00 and a two-hundred day moving average of $221.17. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08. The firm has a market cap of $58.07 billion, a PE ratio of 20.18, a PEG ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $1.25 EPS. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be given a dividend of $0.75 per share. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Royal Caribbean Cruises Company 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.