Fidelis Capital Partners LLC Decreases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fidelis Capital Partners LLC decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,488 shares of the company’s stock after selling 119 shares during the period. Fidelis Capital Partners LLC’s holdings in Royal Caribbean Cruises were worth $574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in Royal Caribbean Cruises during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $27,000. LRI Investments LLC purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $31,000. Bay Harbor Wealth Management LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter worth $36,000. Finally, ORG Wealth Partners LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RCL shares. Mizuho reissued an “outperform” rating and issued a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Argus increased their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group cut their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Truist Financial raised their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $240.71 on Tuesday. Royal Caribbean Cruises Ltd. has a 12 month low of $124.24 and a 12 month high of $277.08. The stock’s fifty day moving average price is $244.80 and its 200-day moving average price is $216.92. The firm has a market cap of $64.78 billion, a P/E ratio of 22.52, a P/E/G ratio of 0.90 and a beta of 2.59. 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) last posted its quarterly 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 period last year, the company posted $1.25 earnings per share. On average, 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 business also recently announced 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio is currently 28.06%.

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

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the completion of the sale, the chief financial officer now directly owns 42,127 shares of the company’s stock, valued at approximately $11,021,265.74. This represents a 28.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises 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 directly owns 185,021 shares in the company, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their position. The disclosure for this sale can be found here. In 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 corporate insiders.

About Royal Caribbean Cruises

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.