Callan Family Office LLC Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Callan Family Office LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,273 shares of the company’s stock, valued at approximately $524,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. D1 Capital Partners L.P. boosted its holdings in Royal Caribbean Cruises by 3.8% in the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after purchasing an additional 58,159 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Royal Caribbean Cruises by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company’s stock valued at $350,418,000 after purchasing an additional 48,480 shares in the last quarter. National Pension Service boosted its holdings in Royal Caribbean Cruises by 138.9% in the 4th quarter. National Pension Service now owns 864,049 shares of the company’s stock valued at $199,327,000 after purchasing an additional 502,349 shares in the last quarter. Swiss National Bank grew its position in Royal Caribbean Cruises by 0.5% during the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after buying an additional 13,520 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RCL shares. Argus upped their target price 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. Sanford C. Bernstein started 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. UBS Group upped their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Citigroup upped their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $283.53.

Insider Buying and Selling

In related news, CEO Jason T. Liberty sold 58,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83 % 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, CFO Naftali Holtz sold 17,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the transaction, the chief financial officer now owns 42,127 shares in the company, valued at $11,021,265.74. This trade represents a 28.75 % 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 worth $28,571,705. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Down 0.9 %

Shares of RCL stock opened at $213.59 on Monday. The firm has a 50-day moving average price of $243.51 and a 200 day moving average price of $218.68. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08. The company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.90 and a beta of 2.53. 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 announced its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share 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 in the prior year, the business posted $1.25 earnings per share. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a yield of 1.40%. Royal Caribbean Cruises’s dividend payout ratio is 28.06%.

Royal Caribbean Cruises declared that its board has authorized a stock repurchase plan 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 plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.