Kera Capital Partners Inc. Buys New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kera Capital Partners Inc. purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 923 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCL. Ieq Capital LLC lifted its holdings in Royal Caribbean Cruises by 12.5% in the second quarter. Ieq Capital LLC now owns 11,845 shares of the company’s stock valued at $1,888,000 after buying an additional 1,313 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Royal Caribbean Cruises by 104.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,571 shares of the company’s stock valued at $251,000 after purchasing an additional 803 shares during the period. Bridges Investment Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $300,000. AE Wealth Management LLC grew its stake in Royal Caribbean Cruises by 50.0% during the second quarter. AE Wealth Management LLC now owns 7,834 shares of the company’s stock worth $1,249,000 after purchasing an additional 2,611 shares during the period. Finally, Summit Trail Advisors LLC increased its holdings in Royal Caribbean Cruises by 5.1% in the second quarter. Summit Trail Advisors LLC now owns 2,046 shares of the company’s stock worth $326,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 in the last ninety days. 7.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RCL shares. Barclays increased their price target on Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $246.50.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $241.79 on Monday. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. The company has a market cap of $65.01 billion, a P/E ratio of 24.85, a P/E/G ratio of 0.48 and a beta of 2.59. The firm has a 50-day moving average of $237.34 and a 200-day moving average of $195.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.85 EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.91%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 22.61%.

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.