Gordian Capital Singapore Pte Ltd Buys 4,850 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Gordian Capital Singapore Pte Ltd increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 95.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,912 shares of the company’s stock after purchasing an additional 4,850 shares during the quarter. Royal Caribbean Cruises makes up 1.2% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 16th biggest position. Gordian Capital Singapore Pte Ltd’s holdings in Royal Caribbean Cruises were worth $2,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake 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 period. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $36,000. Truvestments Capital LLC bought a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $36,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Royal Caribbean Cruises by 100.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company’s stock worth $46,000 after acquiring an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $46,000. 87.53% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the transaction, the director now owns 165,421 shares of the company’s stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RCL shares. Barclays increased their target price on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. BNP Paribas assumed coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an “outperform” rating and a $262.00 price objective on the stock. Stifel Nicolaus reduced their target price on Royal Caribbean Cruises from $310.00 to $265.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group assumed coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They issued a “hold” rating and a $230.00 price target for the company. Finally, Citigroup lifted their price objective on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $271.95.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $237.77 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The business’s 50 day moving average price is $214.31 and its two-hundred day moving average price is $230.60. The company has a market cap of $64.57 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.53 by $0.18. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS 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 outstanding shares. This buyback authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Royal Caribbean Cruises’s payout ratio is presently 24.92%.

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.