Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Increased by Mission Wealth Management LP

Mission Wealth Management LP increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,394 shares of the company’s stock after acquiring an additional 180 shares during the period. Mission Wealth Management LP’s holdings in Royal Caribbean Cruises were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth $27,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $36,000. ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $40,000. Finally, LRI Investments LLC acquired a new position in Royal Caribbean Cruises during the third quarter worth $31,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 14,992 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the completion of the transaction, the insider now owns 21,155 shares in the company, valued at $5,539,648.30. This trade represents a 41.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Fain sold 19,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 185,021 shares of the company’s stock, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock valued at $28,571,705 over the last three months. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Up 1.9 %

RCL stock opened at $231.33 on Thursday. Royal Caribbean Cruises Ltd. has a twelve month low of $124.24 and a twelve month high of $277.08. The company has a market cap of $62.26 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The business’s 50-day simple moving average is $244.35 and its 200 day simple moving average is $217.50. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share 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 quarter in the prior year, the firm earned $1.25 EPS. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has initiated a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, March 7th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a yield of 1.30%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

Analyst Ratings Changes

Several research firms have commented on RCL. 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. The Goldman Sachs Group lowered their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Barclays increased their target price on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Argus increased their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Citigroup increased their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $283.53.

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.