Mediolanum International Funds Ltd Purchases New Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mediolanum International Funds Ltd purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,355 shares of the company’s stock, valued at approximately $315,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in 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 worth $72,696,000 after purchasing an additional 406,048 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock worth $28,703,000 after purchasing an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Royal Caribbean Cruises in the 3rd quarter worth about $14,544,000. Dakota Wealth Management increased its position in Royal Caribbean Cruises by 3,935.2% in the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after purchasing an additional 74,966 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in Royal Caribbean Cruises by 372.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after purchasing an additional 68,008 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Macquarie upped their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Tigress Financial upped their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley upped their price target on Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.19.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $266.48 on Monday. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $277.08. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of 2.39. The stock has a 50 day moving average of $240.36 and a two-hundred day moving average of $202.10. The company has a market capitalization of $71.65 billion, a P/E ratio of 24.93, a P/E/G ratio of 0.55 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results 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 return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the firm posted $1.25 earnings per share. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 15 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.83%. Royal Caribbean Cruises’s payout ratio is presently 20.58%.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,609 shares of company stock valued at $87,647,208. Corporate insiders own 7.95% of the company’s stock.

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.