Venturi Wealth Management LLC Has $498,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Venturi Wealth Management LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 511.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,157 shares of the company's stock after acquiring an additional 1,804 shares during the period. Venturi Wealth Management LLC's holdings in Royal Caribbean Cruises were worth $498,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. D1 Capital Partners L.P. lifted its holdings in Royal Caribbean Cruises by 3.8% in the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company's stock valued at $278,502,000 after acquiring an additional 58,159 shares during the last quarter. Swiss National Bank lifted its holdings in Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company's stock valued at $128,699,000 after acquiring an additional 3,800 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company's stock worth $104,918,000 after purchasing an additional 13,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Royal Caribbean Cruises by 3.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 569,890 shares of the company's stock worth $131,468,000 after purchasing an additional 18,868 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock worth $72,696,000 after purchasing an additional 406,048 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 4.1 %

Shares of NYSE:RCL traded down $9.89 during trading on Friday, hitting $234.00. 2,789,795 shares of the company were exchanged, compared to its average volume of 2,430,710. The firm's 50 day moving average price is $244.57 and its 200-day moving average price is $211.77. Royal Caribbean Cruises Ltd. has a 12-month low of $119.48 and a 12-month high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The stock has a market capitalization of $62.98 billion, a P/E ratio of 21.89, a PEG ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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 last year, the business earned $1.25 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

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

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.75 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 28.06%.

Insiders Place Their Bets

In related news, insider Laura H. Bethge sold 14,992 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares of the company's stock, valued at approximately $5,539,648.30. This trade represents a 41.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The stock was 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 $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. Over the last 90 days, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RCL has been the topic of a number of research reports. Tigress Financial upped their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Susquehanna upped their price target 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. Argus upped their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Loop Capital assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, February 4th. They issued a "hold" rating and a $250.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.