Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Increased by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,643 shares of the company’s stock after acquiring an additional 939 shares during the period. Captrust Financial Advisors’ holdings in Royal Caribbean Cruises were worth $3,609,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RCL. Norges Bank purchased a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $707,833,000. Vanguard Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company’s stock valued at $6,476,003,000 after buying an additional 2,068,114 shares in the last quarter. National Pension Service raised its position in Royal Caribbean Cruises by 138.9% during the fourth quarter. National Pension Service now owns 864,049 shares of the company’s stock valued at $199,327,000 after buying an additional 502,349 shares during the period. Geode Capital Management LLC lifted its stake in Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company’s stock worth $1,373,856,000 after acquiring an additional 353,893 shares in the last quarter. Finally, Rathbones Group PLC boosted its position in Royal Caribbean Cruises by 15,633.2% during the 4th quarter. Rathbones Group PLC now owns 353,996 shares of the company’s stock worth $81,663,000 after acquiring an additional 351,746 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.4 %

Shares of NYSE:RCL opened at $233.69 on Friday. 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’s 50-day moving average is $208.59 and its 200-day moving average is $228.36. The company has a market cap of $63.46 billion, a P/E ratio of 21.86, a P/E/G ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 24.92%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the company’s stock in a transaction that occurred 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 owns 143,214 shares of the company’s stock, valued at $37,514,907.30. This represents a 28.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total value of $5,005,260.00. Following the sale, the director now directly owns 185,021 shares in the company, valued at $47,491,190.28. The trade was a 9.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,492 shares of company stock worth $28,571,705 in the last ninety days. 7.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RCL shares. UBS Group upped their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Susquehanna lowered their price target on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a “positive” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group initiated coverage on Royal Caribbean Cruises in a research note on Monday, March 31st. They issued a “hold” rating and a $230.00 target price on the stock. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $271.30.

About Royal Caribbean Cruises

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.