Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,684 shares of the company’s stock after acquiring an additional 166 shares during the quarter. Parallel Advisors LLC’s holdings in Royal Caribbean Cruises were worth $619,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $27,000. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $36,000. Truvestments Capital LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $40,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 14,992 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the completion of the transaction, the insider now directly owns 21,155 shares of the company’s stock, valued at $5,539,648.30. This trade represents a 41.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total value of $15,193,100.00. Following the completion of the transaction, the chief executive officer now directly owns 143,214 shares of the company’s stock, valued at $37,514,907.30. The trade was a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,492 shares of company stock valued at $28,571,705 in the last ninety days. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho reissued an “outperform” rating and issued a $253.00 target price (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley upped their price objective on Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $283.53.

Royal Caribbean Cruises Stock Down 0.2 %

RCL opened at $214.75 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The business has a 50 day simple moving average of $240.22 and a 200-day simple moving average of $220.81. The stock has a market capitalization of $57.79 billion, a P/E ratio of 20.09, a P/E/G ratio of 0.90 and a beta of 2.53. Royal Caribbean Cruises Ltd. has a 12 month low of $125.06 and a 12 month high of $277.08.

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 return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the company posted $1.25 earnings per share. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

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 shares. This repurchase authorization permits the company to purchase 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be issued a $0.75 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 28.06%.

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.