Strategic Investment Advisors MI Acquires 3,246 Shares of Royal Caribbean Cruises Ltd. $RCL

Strategic Investment Advisors MI raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 74.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,600 shares of the company’s stock after buying an additional 3,246 shares during the period. Strategic Investment Advisors MI’s holdings in Royal Caribbean Cruises were worth $2,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Evolution Wealth Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. GGM Financials LLC bought a new position in Royal Caribbean Cruises during the 3rd quarter worth approximately $33,000. JPL Wealth Management LLC bought a new position in Royal Caribbean Cruises during the 3rd quarter worth approximately $37,000. Wealth Watch Advisors INC purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth approximately $42,000. Finally, Dogwood Wealth Management LLC increased its stake in Royal Caribbean Cruises by 318.8% in the 3rd quarter. Dogwood Wealth Management LLC now owns 134 shares of the company’s stock worth $43,000 after purchasing an additional 102 shares during the period. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 245,476 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $311.54, for a total transaction of $76,475,593.04. Following the transaction, the director owned 16,435,910 shares in the company, valued at $5,120,443,401.40. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maritza Gomez Montiel sold 1,385 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $327.18, for a total transaction of $453,144.30. Following the completion of the transaction, the director directly owned 12,849 shares of the company’s stock, valued at approximately $4,203,935.82. The trade was a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,967,319 shares of company stock valued at $626,681,935. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $269.71 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.16 and a current ratio of 0.18. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The firm has a market cap of $72.97 billion, a P/E ratio of 17.28, a P/E/G ratio of 0.91 and a beta of 1.87. The business’s 50 day moving average price is $303.13 and its 200-day moving average price is $298.38.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, January 29th. The company reported $2.80 EPS for the quarter, meeting analysts’ consensus estimates of $2.80. Royal Caribbean Cruises had a return on equity of 45.06% and a net margin of 23.80%.The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company earned $1.63 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises announced that its board has authorized a stock buyback plan on Wednesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 6th will be issued a $1.50 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, March 6th. This represents a $6.00 annualized dividend and a yield of 2.2%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 38.44%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Royal Caribbean Cruises from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Bank of America upped their price target on shares of Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Citigroup increased their price target on shares of Royal Caribbean Cruises from $332.00 to $398.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Tigress Financial raised their price target on shares of Royal Caribbean Cruises from $415.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $348.52.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.