Three Seasons Wealth LLC Takes $1.85 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Three Seasons Wealth LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,991 shares of the company's stock, valued at approximately $1,848,000.

A number of other institutional investors also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its position in shares of 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 purchasing an additional 99 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $36,000. Truvestments Capital LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $36,000. ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $40,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its position in shares of Royal Caribbean Cruises by 100.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock worth $46,000 after purchasing an additional 100 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total value of $15,193,100.00. Following the completion of the transaction, the chief executive officer now owns 143,214 shares of the company's stock, valued at approximately $37,514,907.30. The trade was a 28.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the transaction, the director now directly owns 185,021 shares of the company's stock, valued at $47,491,190.28. The trade was a 9.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,492 shares of company stock worth $28,571,705. Company insiders own 7.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RCL shares. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Jefferies Financial Group started coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They issued a "hold" rating and a $230.00 price objective for the company. Citigroup lifted their price objective on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Argus lifted 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. Finally, Susquehanna restated a "positive" rating on shares of Royal Caribbean Cruises in a report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $272.85.

Royal Caribbean Cruises Stock Up 2.2 %

RCL traded up $4.70 during trading on Monday, hitting $216.67. The stock had a trading volume of 2,667,776 shares, compared to its average volume of 2,305,377. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $277.08. The stock has a 50 day simple moving average of $211.89 and a two-hundred day simple moving average of $226.84. 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 market capitalization of $58.83 billion, a PE ratio of 20.27, a PEG ratio of 0.90 and a beta of 2.26.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data 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 quarter in the prior year, the company earned $1.25 earnings per share. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

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

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were paid a dividend of $0.75 per share. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, March 7th. Royal Caribbean Cruises's payout ratio is presently 28.06%.

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.