Orion Portfolio Solutions LLC Grows Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Orion Portfolio Solutions LLC raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 30.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,474 shares of the company's stock after buying an additional 2,893 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Royal Caribbean Cruises were worth $2,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Glenmede Trust Co. NA lifted its holdings in shares of Royal Caribbean Cruises by 1.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,080 shares of the company's stock worth $1,078,000 after acquiring an additional 110 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Royal Caribbean Cruises by 14.8% in the third quarter. Public Sector Pension Investment Board now owns 9,327 shares of the company's stock worth $1,654,000 after acquiring an additional 1,200 shares during the period. Hantz Financial Services Inc. boosted its position in Royal Caribbean Cruises by 15.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 854 shares of the company's stock valued at $151,000 after acquiring an additional 115 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $73,000. Finally, Atom Investors LP grew its holdings in Royal Caribbean Cruises by 28.7% in the third quarter. Atom Investors LP now owns 1,892 shares of the company's stock worth $336,000 after purchasing an additional 422 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other 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 value of $3,925,805.12. Following the completion of 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 is accessible through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,492 shares of company stock worth $28,571,705 over the last 90 days. Corporate insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Down 5.9 %

Shares of NYSE:RCL traded down $11.05 during trading hours on Friday, reaching $177.60. The stock had a trading volume of 5,319,543 shares, compared to its average volume of 2,330,142. 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 200-day moving average is $224.82. The stock has a market capitalization of $47.80 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.90 and a beta of 2.26. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17.

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

Royal Caribbean Cruises declared that its board has initiated a stock repurchase program on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is 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 given a $0.75 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost 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 1.69%. Royal Caribbean Cruises's payout ratio is 28.06%.

Analyst Ratings Changes

RCL has been the subject of several research reports. Jefferies Financial Group assumed coverage on shares of Royal Caribbean Cruises in a report on Monday, March 31st. They set a "hold" rating and a $230.00 price objective for the company. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Susquehanna reaffirmed a "positive" rating on shares of Royal Caribbean Cruises in a report on Tuesday, March 25th. Citigroup boosted their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised their price target on Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $279.58.

Royal Caribbean Cruises 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.