Childress Capital Advisors LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Childress Capital Advisors LLC acquired a new stake in 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 acquired 1,068 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds also recently modified their holdings of RCL. International Assets Investment Management LLC lifted its stake in Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after purchasing an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $14,544,000. Dakota Wealth Management lifted its stake in Royal Caribbean Cruises by 3,935.2% in the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after purchasing an additional 74,966 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Royal Caribbean Cruises by 372.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock valued at $15,299,000 after purchasing an additional 68,008 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RCL shares. Macquarie raised their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group cut their price objective on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.59.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock valued at $87,647,208 over the last three months. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 1.2 %

NYSE RCL opened at $263.87 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The company has a 50 day moving average of $240.77 and a 200-day moving average of $203.04. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share 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 business earned $1.25 earnings per share. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.58%.

About Royal Caribbean Cruises

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.