Decker Retirement Planning Inc. Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Decker Retirement Planning Inc. bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 218 shares of the company’s stock, valued at approximately $50,000.

Other large investors also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $40,000. Finally, LRI Investments LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $233.07 on Friday. The business has a fifty day simple moving average of $236.76 and a 200 day simple moving average of $194.81. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $62.67 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 0.48 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the company posted $3.85 earnings per share. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.94%. Royal Caribbean Cruises’s dividend payout ratio is currently 22.61%.

Insiders Place Their Bets

In related news, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last three months. 7.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Macquarie boosted their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America upped their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Truist Financial upped their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $243.25.

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.