Thomas J. Herzfeld Advisors Inc. Has $4.08 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Thomas J. Herzfeld Advisors Inc. decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 27.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,666 shares of the company’s stock after selling 6,682 shares during the quarter. Royal Caribbean Cruises accounts for about 1.3% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 24th largest holding. Thomas J. Herzfeld Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $4,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Glenmede Trust Co. NA lifted its position in shares of Royal Caribbean Cruises by 1.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,080 shares of the company’s stock valued at $1,078,000 after acquiring an additional 110 shares during the period. Public Sector Pension Investment Board raised its stake in Royal Caribbean Cruises by 14.8% in the third quarter. Public Sector Pension Investment Board now owns 9,327 shares of the company’s stock valued at $1,654,000 after purchasing an additional 1,200 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Royal Caribbean Cruises by 15.6% during the third quarter. Hantz Financial Services Inc. now owns 854 shares of the company’s stock worth $151,000 after purchasing an additional 115 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Royal Caribbean Cruises during the third quarter worth about $73,000. Finally, Atom Investors LP increased its holdings in Royal Caribbean Cruises by 28.7% in the 3rd quarter. Atom Investors LP now owns 1,892 shares of the company’s stock valued at $336,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 14,992 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 21,155 shares of the company’s stock, valued at approximately $5,539,648.30. The trade was a 41.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Naftali Holtz sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the sale, the chief financial officer now directly owns 42,127 shares of the company’s stock, valued at approximately $11,021,265.74. This trade represents a 28.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,492 shares of company stock valued at $28,571,705. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of recent analyst reports. Argus upped their price target on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Macquarie upped their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Jefferies Financial Group started coverage on Royal Caribbean Cruises in a research note on Monday. They issued a “hold” rating and a $230.00 price target on the stock. Mizuho restated an “outperform” rating and set a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $279.58.

Royal Caribbean Cruises Trading Down 1.0 %

Shares of RCL stock opened at $205.60 on Tuesday. Royal Caribbean Cruises Ltd. has a 1-year low of $125.06 and a 1-year high of $277.08. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The stock has a market cap of $55.33 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.90 and a beta of 2.53. The stock has a 50-day moving average of $237.90 and a 200-day moving average of $224.44.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $1.25 earnings per share. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.75 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 28.06%.

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.