Vinva Investment Management Ltd Acquires 3,957 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vinva Investment Management Ltd boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 36.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,681 shares of the company's stock after purchasing an additional 3,957 shares during the quarter. Vinva Investment Management Ltd's holdings in Royal Caribbean Cruises were worth $3,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in shares of Royal Caribbean Cruises by 11.0% in the third quarter. Thrivent Financial for Lutherans now owns 23,040 shares of the company's stock worth $4,086,000 after acquiring an additional 2,286 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Royal Caribbean Cruises by 28.5% in the third quarter. Caprock Group LLC now owns 2,933 shares of the company's stock worth $521,000 after acquiring an additional 651 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of Royal Caribbean Cruises by 7.3% in the third quarter. Prospera Financial Services Inc now owns 6,756 shares of the company's stock worth $1,198,000 after acquiring an additional 457 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 3.6% in the third quarter. PNC Financial Services Group Inc. now owns 64,321 shares of the company's stock worth $11,408,000 after acquiring an additional 2,251 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of Royal Caribbean Cruises by 0.6% in the third quarter. Commerce Bank now owns 202,441 shares of the company's stock worth $35,905,000 after acquiring an additional 1,277 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

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Analyst Ratings Changes

Several brokerages have issued reports on RCL. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Wells Fargo & Company upped their price objective 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. Barclays increased their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group reduced their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Argus raised their price objective on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average price target of $283.53.

Insider Activity

In other Royal Caribbean Cruises news, 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 transaction of $15,193,100.00. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction dated 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 directly owns 185,021 shares in the company, valued at $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,492 shares of company stock worth $28,571,705. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock traded up $1.04 during mid-day trading on Friday, reaching $215.76. 3,608,502 shares of the company were exchanged, compared to its average volume of 2,274,948. The company has a fifty day simple moving average of $240.00 and a 200-day simple moving average of $222.04. 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 current ratio of 0.17 and a quick ratio of 0.15. The firm has a market cap of $58.07 billion, a PE ratio of 20.18, a PEG ratio of 0.90 and a beta of 2.53.

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 analysts' consensus estimates 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 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be paid a $0.75 dividend. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.