Capital International Sarl Purchases 35,492 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Capital International Sarl boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 250,257 shares of the company's stock after purchasing an additional 35,492 shares during the period. Royal Caribbean Cruises makes up about 1.3% of Capital International Sarl's portfolio, making the stock its 16th largest holding. Capital International Sarl owned 0.09% of Royal Caribbean Cruises worth $57,732,000 at the end of the most recent reporting period.

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

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded up $7.63 on Wednesday, hitting $207.30. The company's stock had a trading volume of 1,438,736 shares, compared to its average volume of 2,324,468. The company has a fifty day moving average price of $215.02 and a 200-day moving average price of $226.09. The firm has a market cap of $55.79 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 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 quarter in the previous year, the business earned $1.25 earnings per share. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase 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 buyback program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

RCL has been the topic of several research analyst reports. 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. BNP Paribas assumed 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 objective on the stock. The Goldman Sachs Group decreased their target price on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group started coverage on shares of Royal Caribbean Cruises in a research report on Monday, March 31st. They set a "hold" rating and a $230.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.53.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 14,992 shares of the company's 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 sale, the insider now directly owns 21,155 shares of the company's stock, valued at approximately $5,539,648.30. This represents a 41.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Naftali Holtz sold 17,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the completion of the transaction, the chief financial officer now owns 42,127 shares of the company's stock, valued at $11,021,265.74. This trade represents a 28.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by insiders.

About Royal Caribbean Cruises

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.