Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Aviva PLC

Aviva PLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,040 shares of the company's stock after purchasing an additional 32,177 shares during the quarter. Aviva PLC owned about 0.05% of Royal Caribbean Cruises worth $33,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. Venturi Wealth Management LLC boosted its holdings in Royal Caribbean Cruises by 511.0% in the fourth quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company's stock worth $498,000 after acquiring an additional 1,804 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Royal Caribbean Cruises by 20.1% in the 4th 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 grew its position in Royal Caribbean Cruises by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company's stock worth $5,142,000 after purchasing an additional 12,530 shares during the last quarter. Lorne Steinberg Wealth Management Inc. acquired a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $231,000. Finally, Geode Capital Management LLC raised its holdings in shares of Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after buying an additional 353,893 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded down $3.33 on Friday, reaching $189.18. The company's stock had a trading volume of 1,217,838 shares, compared to its average volume of 2,357,251. 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 company has a market capitalization of $50.91 billion, a P/E ratio of 17.65, a PEG ratio of 0.90 and a beta of 2.26. The stock has a 50-day moving average price of $226.14 and a 200-day moving average price of $225.20. Royal Caribbean Cruises Ltd. has a 52-week low of $125.06 and a 52-week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping 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 period last year, the firm posted $1.25 earnings per share. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were paid a $0.75 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a yield of 1.59%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 28.06%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the firm's stock in a transaction on 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 transaction, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jason T. Liberty sold 58,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 143,214 shares of the company's stock, valued at $37,514,907.30. The trade was a 28.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 109,492 shares of company stock worth $28,571,705. Corporate insiders own 7.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley cut their target price on Royal Caribbean Cruises from $270.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday. Argus increased their price objective on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Macquarie lifted their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Mizuho reiterated an "outperform" rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Finally, Susquehanna reissued a "positive" rating on shares of Royal Caribbean Cruises in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $276.95.

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.