Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by World Investment Advisors

World Investment Advisors trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 96.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,360 shares of the company’s stock after selling 38,712 shares during the quarter. World Investment Advisors’ holdings in Royal Caribbean Cruises were worth $314,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Royal Caribbean Cruises by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 26,425 shares of the company’s stock worth $4,684,000 after buying an additional 1,400 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $396,000. Kovitz Investment Group Partners LLC bought a new stake in Royal Caribbean Cruises during the third quarter worth approximately $2,379,000. National Bank of Canada FI lifted its position in Royal Caribbean Cruises by 66.1% in the third quarter. National Bank of Canada FI now owns 137,149 shares of the company’s stock worth $24,325,000 after purchasing an additional 54,561 shares during the period. Finally, MML Investors Services LLC boosted its stake in Royal Caribbean Cruises by 23.8% during the 3rd quarter. MML Investors Services LLC now owns 59,815 shares of the company’s stock valued at $10,609,000 after purchasing an additional 11,508 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total value of $4,447,540.00. Following the completion of the sale, the chief financial officer now directly owns 42,127 shares of the company’s stock, valued at $11,021,265.74. The trade was a 28.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 transaction, the chief executive officer now owns 143,214 shares in the company, valued at $37,514,907.30. This represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,492 shares of company stock valued at $28,571,705. Insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of a number of research reports. BNP Paribas began coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They issued an “outperform” rating and a $262.00 price objective on the stock. UBS Group upped their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Barclays raised 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. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $277.21.

Royal Caribbean Cruises Trading Down 0.0 %

Shares of NYSE RCL opened at $179.51 on Wednesday. The firm has a market capitalization of $48.31 billion, a PE ratio of 16.79, a PEG ratio of 0.90 and a beta of 2.26. Royal Caribbean Cruises Ltd. has a one year low of $125.06 and a one year high of $277.08. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The business has a 50-day moving average price of $229.96 and a two-hundred day moving average price of $224.99.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.25 EPS. As a group, analysts predict 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 buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.67%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was 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.