Wealthfront Advisers LLC Purchases 1,992 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Wealthfront Advisers LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,214 shares of the company's stock after buying an additional 1,992 shares during the quarter. Wealthfront Advisers LLC's holdings in Royal Caribbean Cruises were worth $6,970,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RCL. Dorsey & Whitney Trust CO LLC raised its holdings in Royal Caribbean Cruises by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock worth $470,000 after buying an additional 39 shares during the period. Hemington Wealth Management lifted 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 acquiring an additional 44 shares in the last quarter. Verdence Capital Advisors LLC lifted 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 acquiring an additional 47 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in 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 worth $544,000 after purchasing an additional 50 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its position in Royal Caribbean Cruises by 12.3% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company's stock worth $106,000 after purchasing an additional 50 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 143,214 shares in the company, valued at $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $5,005,260.00. Following the transaction, the director now directly owns 185,021 shares of the company's stock, valued at approximately $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. Insiders sold a total of 109,492 shares of company stock valued at $28,571,705 in the last quarter. Corporate insiders own 7.95% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on RCL shares. Citigroup increased their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Macquarie lifted their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Truist Financial upped their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $283.53.

Royal Caribbean Cruises Stock Performance

RCL traded up $3.22 during midday trading on Friday, reaching $211.12. The company's stock had a trading volume of 1,333,244 shares, compared to its average volume of 2,265,136. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08. The stock has a market cap of $56.82 billion, a P/E ratio of 19.78, a PEG ratio of 0.90 and a beta of 2.53. The company has a fifty day simple moving average of $241.64 and a 200 day simple moving average of $219.18. 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 released its earnings results on Tuesday, January 28th. The company reported $1.63 EPS 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 in the previous year, the company posted $1.25 earnings per share. Research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.42%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises's payout ratio is currently 28.06%.

Royal Caribbean Cruises Company 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.