SRS Capital Advisors Inc. Boosts Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

SRS Capital Advisors Inc. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 103.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 503 shares of the company’s stock after purchasing an additional 256 shares during the period. SRS Capital Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in RCL. D1 Capital Partners L.P. lifted its position in shares of Royal Caribbean Cruises by 3.8% in the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after buying an additional 58,159 shares in the last quarter. National Pension Service increased its stake in Royal Caribbean Cruises by 138.9% in the 4th quarter. National Pension Service now owns 864,049 shares of the company’s stock worth $199,327,000 after acquiring an additional 502,349 shares during the last quarter. Swiss National Bank raised its holdings in shares of Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after acquiring an additional 3,800 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock valued at $104,918,000 after acquiring an additional 13,520 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 569,890 shares of the company’s stock valued at $131,468,000 after purchasing an additional 18,868 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity

In other news, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 owns 185,021 shares of the company’s stock, valued at $47,491,190.28. The trade was a 9.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Naftali Holtz sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the transaction, the chief financial officer now owns 42,127 shares of the company’s stock, valued at approximately $11,021,265.74. This trade represents a 28.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $231.33 on Thursday. Royal Caribbean Cruises Ltd. has a 1-year low of $124.24 and a 1-year high of $277.08. The business has a 50-day moving average price of $244.35 and a 200 day moving average price of $217.50. The company has a market capitalization of $62.26 billion, a P/E ratio of 21.64, a PEG ratio of 0.90 and a beta of 2.53. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15.

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. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, March 7th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Mizuho reaffirmed an “outperform” rating and set a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Loop Capital upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday. Argus lifted their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted 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. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $283.53.

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.