Sienna Gestion Buys 28,195 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sienna Gestion raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 622.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,723 shares of the company’s stock after buying an additional 28,195 shares during the quarter. Sienna Gestion’s holdings in Royal Caribbean Cruises were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises during the 3rd quarter worth $27,000. LRI Investments LLC acquired a new position in Royal Caribbean Cruises in the third quarter valued at about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 14,992 shares of the business’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 transaction, the insider now owns 21,155 shares of the company’s stock, valued at approximately $5,539,648.30. The trade was a 41.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the sale, the chief executive officer now owns 143,214 shares in the company, valued at $37,514,907.30. This represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on RCL. Truist Financial increased their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Susquehanna reduced their price objective on Royal Caribbean Cruises from $305.00 to $295.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.53.

Royal Caribbean Cruises Stock Performance

RCL opened at $208.01 on Friday. 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 company has a market capitalization of $55.98 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The business has a fifty day simple moving average of $241.64 and a 200 day simple moving average of $219.18. Royal Caribbean Cruises Ltd. has a 1 year low of $125.06 and a 1 year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the prior year, the company posted $1.25 earnings per share. Research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises declared that its board has approved a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase 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 shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 1.44%. This is an increase 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 is presently 28.06%.

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.