Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,775 shares of the company’s stock after selling 267 shares during the quarter. Global Retirement Partners LLC’s holdings in Royal Caribbean Cruises were worth $409,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its holdings in Royal Caribbean Cruises by 14.1% in the third quarter. Private Advisor Group LLC now owns 10,689 shares of the company’s stock valued at $1,896,000 after purchasing an additional 1,319 shares during the period. International Assets Investment Management LLC raised its stake in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $1,224,000. Assenagon Asset Management S.A. boosted its position in Royal Caribbean Cruises by 10.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,739 shares of the company’s stock worth $1,018,000 after purchasing an additional 538 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Royal Caribbean Cruises by 3.8% in the 3rd quarter. Ballentine Partners LLC now owns 4,677 shares of the company’s stock valued at $830,000 after purchasing an additional 172 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 4.0 %

Shares of NYSE:RCL opened at $234.16 on Monday. Royal Caribbean Cruises Ltd. has a 1-year low of $119.48 and a 1-year high of $277.08. The company’s fifty day moving average is $244.35 and its two-hundred day moving average is $213.32. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The stock has a market capitalization of $63.02 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 0.90 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its 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 quarter last year, the firm earned $1.25 earnings per share. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

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

Royal Caribbean Cruises Increases Dividend

The company 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 dividend of $0.75 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. Royal Caribbean Cruises’s payout ratio is 20.58%.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the transaction, the director now owns 185,021 shares of the company’s stock, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the transaction, the chief executive officer now owns 143,214 shares of the company’s stock, valued at $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. Over the last quarter, insiders sold 109,492 shares of company stock worth $28,571,705. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RCL shares. Citigroup upped their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased 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. Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Barclays upped their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

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.