Asset Management One Co. Ltd. Has $34.84 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Asset Management One Co. Ltd. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 149,729 shares of the company’s stock after buying an additional 23,160 shares during the period. Asset Management One Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $34,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Life Planning Partners Inc acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $5,322,000. Avestar Capital LLC lifted its position in Royal Caribbean Cruises by 9.1% during the 4th quarter. Avestar Capital LLC now owns 2,053 shares of the company’s stock worth $474,000 after buying an additional 172 shares in the last quarter. Hudock Inc. acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $247,000. Hemington Wealth Management lifted its position in Royal Caribbean Cruises by 9.0% during the 4th quarter. Hemington Wealth Management now owns 533 shares of the company’s stock worth $123,000 after buying an additional 44 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in Royal Caribbean Cruises by 3.0% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,928 shares of the company’s stock valued at $445,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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 owns 185,021 shares of the company’s stock, valued at $47,491,190.28. This represents a 9.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 392,109 shares of company stock valued at $92,652,468 in the last quarter. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $262.99 on Friday. The business has a 50 day simple moving average of $243.47 and a 200 day simple moving average of $208.02. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $277.08. 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 stock has a market cap of $70.71 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.00 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (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 in the previous year, the business posted $1.25 earnings per share. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

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

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.14%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio is 20.58%.

Analyst Ratings Changes

A number of research firms have issued reports on RCL. Mizuho restated an “outperform” rating and set a $253.00 target price (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Tigress Financial upped their target price 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. Macquarie upped their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price on the stock. Finally, Barclays upped their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $284.12.

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.