Retirement Investment Advisors Inc. Buys Shares of 1,000 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Retirement Investment Advisors Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its holdings in Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises during the third quarter valued at $27,000. Bay Harbor Wealth Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $36,000. Truvestments Capital LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $40,000. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the transaction, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura H. Bethge sold 14,992 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the completion of the sale, the insider now owns 21,155 shares of the company’s stock, valued at $5,539,648.30. The trade was a 41.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,492 shares of company stock worth $28,571,705 in the last 90 days. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Down 4.6 %

Shares of NYSE:RCL opened at $207.35 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1 year low of $125.06 and a 1 year high of $277.08. The company has a market cap of $55.80 billion, a P/E ratio of 19.40, a PEG ratio of 0.90 and a beta of 2.53. The stock’s fifty day moving average price is $238.63 and its 200-day moving average price is $223.72.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping 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 last year, the firm earned $1.25 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.45%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s payout ratio is 28.06%.

Analyst Ratings Changes

RCL has been the subject of several research reports. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a research report on Thursday. They issued an “outperform” rating and a $262.00 target price for the company. Truist Financial upped their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Tigress Financial boosted their price objective on Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $282.33.

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.