44 Wealth Management LLC Sells 79 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

44 Wealth Management LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,614 shares of the company’s stock after selling 79 shares during the quarter. 44 Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $372,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RCL. International Assets Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares in the last quarter. AustralianSuper Pty Ltd boosted its position in shares of Royal Caribbean Cruises by 2,042.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after purchasing an additional 117,152 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after purchasing an additional 93,899 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Royal Caribbean Cruises during the third quarter valued at approximately $14,544,000. Finally, Mizuho Securities USA LLC boosted its position in shares of Royal Caribbean Cruises by 372.6% during the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock valued at $15,299,000 after purchasing an additional 68,008 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 14,992 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the completion of the sale, the insider now owns 21,155 shares in the company, valued at approximately $5,539,648.30. This represents a 41.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason T. Liberty sold 58,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total value of $15,193,100.00. Following the sale, the chief executive officer now directly owns 143,214 shares of the company’s stock, valued at $37,514,907.30. This represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Down 4.0 %

RCL stock opened at $234.16 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $119.48 and a 1-year high of $277.08. The business has a fifty day moving average price of $244.35 and a 200-day moving average price of $212.86. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The stock has a market capitalization of $63.02 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.90 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating 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 firm earned $1.25 earnings per share. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its board has initiated a stock buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio is 20.58%.

Analyst Ratings Changes

RCL has been the topic of several research reports. Susquehanna lifted their price target on Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Tigress Financial lifted their price objective on Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Argus lifted their price objective on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $284.12.

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.