Sienna Gestion boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 622.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,723 shares of the company's stock after acquiring an additional 28,195 shares during the period. Sienna Gestion's holdings in Royal Caribbean Cruises were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC lifted its position in shares of Royal Caribbean Cruises by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock valued at $470,000 after buying an additional 39 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Royal Caribbean Cruises by 1.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock valued at $630,000 after purchasing an additional 42 shares during the last quarter. Hemington Wealth Management raised its position in shares of Royal Caribbean Cruises by 9.0% in the 4th quarter. Hemington Wealth Management now owns 533 shares of the company's stock valued at $123,000 after purchasing an additional 44 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Royal Caribbean Cruises by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock valued at $313,000 after purchasing an additional 47 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Royal Caribbean Cruises by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company's stock valued at $544,000 after purchasing an additional 50 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on RCL. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. 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 research report on Tuesday, February 4th. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Susquehanna reduced their price target on shares of Royal Caribbean Cruises from $305.00 to $295.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $283.53.
Get Our Latest Stock Report on RCL
Insider Transactions at Royal Caribbean Cruises
In other news, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises 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 transaction, the chief executive officer now owns 143,214 shares in the company, valued at $37,514,907.30. The trade was a 28.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises 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 represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock worth $28,571,705 in the last quarter. Company insiders own 7.95% of the company's stock.
Royal Caribbean Cruises Trading Down 7.3 %
Shares of NYSE RCL traded down $16.07 during trading on Tuesday, hitting $203.34. 3,364,408 shares of the company were exchanged, compared to its average volume of 2,271,101. Royal Caribbean Cruises Ltd. has a 12-month low of $125.06 and a 12-month high of $277.08. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The company has a fifty day moving average price of $241.13 and a 200-day moving average price of $220.62. The firm has a market capitalization of $54.72 billion, a PE ratio of 19.02, a P/E/G ratio of 0.90 and a beta of 2.53.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted 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 return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the firm posted $1.25 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.
Royal Caribbean Cruises Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, March 7th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is currently 28.06%.
Royal Caribbean Cruises announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.
Royal Caribbean Cruises Company Profile
(
Free Report)
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.
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