MassMutual Private Wealth & Trust FSB Acquires 67 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

MassMutual Private Wealth & Trust FSB lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,191 shares of the company’s stock after buying an additional 67 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Royal Caribbean Cruises were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RCL. UMB Bank n.a. increased its stake in shares of Royal Caribbean Cruises by 25.9% in the 4th quarter. UMB Bank n.a. now owns 2,079 shares of the company’s stock worth $480,000 after acquiring an additional 428 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth about $217,000. Grove Bank & Trust lifted its position in Royal Caribbean Cruises by 10.5% during the fourth quarter. Grove Bank & Trust now owns 613 shares of the company’s stock valued at $141,000 after purchasing an additional 58 shares during the period. Clarius Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 26.8% during the 4th quarter. Clarius Group LLC now owns 1,679 shares of the company’s stock valued at $387,000 after buying an additional 355 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in Royal Caribbean Cruises by 6.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,111 shares of the company’s stock valued at $487,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 8th. Macquarie increased their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.50.

Royal Caribbean Cruises Stock Down 3.1 %

NYSE:RCL opened at $235.82 on Thursday. The company has a market cap of $63.41 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 0.51 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The stock has a fifty day simple moving average of $237.60 and a 200-day simple moving average of $197.44.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $3.85 EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.93%. Royal Caribbean Cruises’s payout ratio is 22.61%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock valued at $94,299,521 over the last quarter. 7.95% of the stock is owned by corporate insiders.

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.