Yeomans Consulting Group Inc. Invests $374,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Yeomans Consulting Group Inc. bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,621 shares of the company’s stock, valued at approximately $374,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. grew its position in Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. LRI Investments LLC acquired a new position in Royal Caribbean Cruises during the third quarter worth $31,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $40,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last quarter. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Up 0.9 %

Royal Caribbean Cruises stock opened at $238.40 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $64.10 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.50 and a beta of 2.59. The firm has a 50 day moving average price of $237.63 and a 200-day moving average price of $197.71. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the business posted $3.85 earnings per share. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current 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 issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 22.61%.

Analyst Ratings Changes

Several equities research analysts have recently commented on RCL shares. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” 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 stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley increased their price objective on 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. Mizuho reiterated an “outperform” rating and set a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday. Finally, Barclays raised their price objective on Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $250.13.

Royal Caribbean Cruises 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.