World Investment Advisors Has $314,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

World Investment Advisors decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 96.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,360 shares of the company's stock after selling 38,712 shares during the quarter. World Investment Advisors' holdings in Royal Caribbean Cruises were worth $314,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised 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 period. LRI Investments LLC purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth about $36,000. Truvestments Capital LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth about $40,000. Institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

RCL has been the subject of several research analyst reports. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Susquehanna restated a "positive" rating on shares of Royal Caribbean Cruises in a report on Tuesday, March 25th. Argus lifted their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. BNP Paribas assumed coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price objective for the company. Finally, Loop Capital upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus target price of $276.95.

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Insider Activity

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura H. Bethge sold 14,992 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Down 0.3 %

Shares of NYSE RCL traded down $0.51 during mid-day trading on Monday, reaching $191.50. 242,824 shares of the company traded hands, compared to its average volume of 2,345,016. The company's fifty day moving average is $224.70 and its two-hundred day moving average is $225.60. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd. has a fifty-two week low of $125.06 and a fifty-two week high of $277.08. The stock has a market cap of $51.54 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating analysts' consensus estimates 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 period last year, the business earned $1.25 EPS. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 7th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.57%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio is 28.06%.

Royal Caribbean Cruises announced that its board has authorized a share repurchase program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.