Royal Caribbean Cruises Ltd. (NYSE:RCL) is Noesis Capital Mangement Corp's 7th Largest Position

Noesis Capital Mangement Corp decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,462 shares of the company's stock after selling 1,937 shares during the period. Royal Caribbean Cruises comprises about 3.5% of Noesis Capital Mangement Corp's portfolio, making the stock its 7th largest holding. Noesis Capital Mangement Corp's holdings in Royal Caribbean Cruises were worth $18,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RCL. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC acquired a new position in Royal Caribbean Cruises in the third quarter valued at approximately $27,000. Bay Harbor Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $36,000. ORG Wealth Partners LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $40,000. Finally, LRI Investments LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $31,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

RCL stock traded down $1.28 during trading hours on Monday, hitting $244.82. 1,248,416 shares of the stock traded hands, compared to its average volume of 2,473,968. The stock has a 50-day simple moving average of $244.74 and a 200 day simple moving average of $216.35. The company has a market cap of $65.89 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.90 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $124.24 and a one year high of $277.08. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data 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 last year, the business posted $1.25 earnings per share. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, March 7th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio is 28.06%.

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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $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. Insiders sold a total of 109,492 shares of company stock valued at $28,571,705 in the last three months. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RCL. Susquehanna upped their price objective on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price target for the company. StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Mizuho restated an "outperform" rating and issued a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Finally, Loop Capital started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, February 4th. They issued a "hold" rating and a $250.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $284.12.

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.