Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,076 shares of the company’s stock after buying an additional 857 shares during the quarter. Savant Capital LLC’s holdings in Royal Caribbean Cruises were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RCL. Exchange Traded Concepts LLC lifted its holdings in Royal Caribbean Cruises by 241.5% during the third quarter. Exchange Traded Concepts LLC now owns 888 shares of the company’s stock valued at $157,000 after purchasing an additional 628 shares in the last quarter. Creative Planning raised its position in shares of Royal Caribbean Cruises by 12.8% during the 3rd quarter. Creative Planning now owns 38,119 shares of the company’s stock worth $6,761,000 after purchasing an additional 4,311 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Royal Caribbean Cruises by 1.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 12,428 shares of the company’s stock worth $2,204,000 after purchasing an additional 133 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Royal Caribbean Cruises by 40.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,796 shares of the company’s stock valued at $319,000 after buying an additional 514 shares in the last quarter. Finally, Kowal Investment Group LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter worth about $221,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several research reports. UBS Group raised their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Loop Capital initiated coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, February 4th. They issued a “hold” rating and a $250.00 target price for the company. The Goldman Sachs Group lowered their price target 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. Finally, Argus increased their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 372,609 shares of company stock valued at $87,647,208 in the last three months. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $260.37 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 firm has a market cap of $70.01 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.00 and a beta of 2.59. The firm’s 50 day moving average price is $243.28 and its 200-day moving average price is $207.65. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 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 quarter in the previous year, the business earned $1.25 EPS. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

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 issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.15%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.58%.

Royal Caribbean Cruises announced that its board has authorized a share buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.