Three Seasons Wealth LLC Buys New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Three Seasons Wealth LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 7,991 shares of the company’s stock, valued at approximately $1,848,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its position in shares of Royal Caribbean Cruises by 50.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,961 shares of the company’s stock worth $452,000 after purchasing an additional 660 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Royal Caribbean Cruises by 3.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 231,100 shares of the company’s stock valued at $53,312,000 after purchasing an additional 7,900 shares in the last quarter. Symmetry Investments LP acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $2,549,000. MGO One Seven LLC lifted its stake in shares of Royal Caribbean Cruises by 6.9% in the fourth quarter. MGO One Seven LLC now owns 6,986 shares of the company’s stock valued at $1,612,000 after buying an additional 450 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Royal Caribbean Cruises by 29.5% during the fourth quarter. Stifel Financial Corp now owns 123,981 shares of the company’s stock valued at $28,602,000 after buying an additional 28,263 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.9 %

RCL stock opened at $211.49 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $277.08. The stock has a market cap of $57.42 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. 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 company’s 50 day moving average is $212.88 and its 200 day moving average is $226.18.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping 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 company posted $1.25 earnings per share. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share 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 purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were paid a dividend of $0.75 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

Insider Transactions at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total value of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares of the company’s stock, valued at $5,539,648.30. The trade was a 41.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 19,500 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the sale, the director now directly owns 185,021 shares in the company, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,492 shares of company stock worth $28,571,705. Company insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RCL. Jefferies Financial Group initiated coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They set a “hold” rating and a $230.00 price objective for the company. Argus increased their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. BNP Paribas began coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an “outperform” rating and a $262.00 target price for the company. Loop Capital upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, March 5th. Finally, Tigress Financial raised their target price on Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $272.53.

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.