RFG Bristol Wealth Advisors LLC Buys New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

RFG Bristol Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,670 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after buying an additional 353,893 shares during the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $707,833,000. Charles Schwab Investment Management Inc. grew its position in Royal Caribbean Cruises by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company's stock worth $350,418,000 after acquiring an additional 48,480 shares during the last quarter. Finally, National Pension Service increased its stake in Royal Caribbean Cruises by 138.9% in the 4th quarter. National Pension Service now owns 864,049 shares of the company's stock worth $199,327,000 after purchasing an additional 502,349 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on RCL shares. Barclays upped their price target on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Jefferies Financial Group initiated coverage on shares of Royal Caribbean Cruises in a research report on Monday. They set a "hold" rating and a $230.00 price target on the stock. Finally, Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and a consensus target price of $279.58.

Insider Activity

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the completion of the sale, the chief financial officer now directly owns 42,127 shares in the company, valued at approximately $11,021,265.74. The trade was a 28.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total value of $5,005,260.00. Following the transaction, the director now directly owns 185,021 shares in the company, 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. Insiders have sold a total of 109,492 shares of company stock valued at $28,571,705 over the last ninety days. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Down 5.9 %

RCL stock traded down $11.05 during trading on Friday, hitting $177.60. 5,319,543 shares of the stock traded hands, compared to its average volume of 2,328,502. The stock has a market cap of $47.80 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1 year low of $125.06 and a 1 year high of $277.08. The firm's 50 day moving average is $234.61 and its two-hundred day moving average is $224.43.

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, beating the consensus estimate 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 earned $1.25 earnings per share. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.69%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is currently 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has initiated a stock repurchase 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company's board 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.