1,054 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,054 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at $27,000. Brown Brothers Harriman & Co. grew its holdings in shares of Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

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 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 sale, the chief financial officer now owns 42,127 shares in the company, valued at approximately $11,021,265.74. This represents a 28.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jason T. Liberty sold 58,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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 approximately $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on RCL shares. Susquehanna reaffirmed a “positive” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, March 25th. 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 report on Friday, February 7th. The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup upped their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $279.58.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $177.60 on Friday. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. 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’s 50 day simple moving average is $234.61 and its 200-day simple moving average is $224.43. 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 earnings results on Tuesday, January 28th. The company reported $1.63 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 prior year, the business earned $1.25 EPS. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

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

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 7th were issued a dividend of $0.75 per share. 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 1.69%. The ex-dividend date of this dividend was Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 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.