Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,753 shares of the company’s stock after purchasing an additional 76 shares during the quarter. Ballentine Partners LLC’s holdings in Royal Caribbean Cruises were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of RCL. Fifth Third Wealth Advisors LLC lifted its stake in Royal Caribbean Cruises by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after buying an additional 50 shares during the last quarter. FSM Wealth Advisors LLC raised its position in Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after purchasing an additional 51 shares during the last quarter. Brooklyn Investment Group boosted its stake in Royal Caribbean Cruises by 2.5% during the 4th quarter. Brooklyn Investment Group now owns 2,117 shares of the company’s stock worth $488,000 after purchasing an additional 52 shares during the period. Grove Bank & Trust grew its position in Royal Caribbean Cruises by 10.5% during the 4th quarter. Grove Bank & Trust now owns 613 shares of the company’s stock worth $141,000 after purchasing an additional 58 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in Royal Caribbean Cruises by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 550 shares of the company’s stock valued at $127,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the sale, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % 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 in the last ninety days. Insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RCL shares. Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.50.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $235.82 on Thursday. The business has a 50 day moving average price of $237.60 and a 200 day moving average price of $197.44. The company has a market capitalization of $63.41 billion, a P/E ratio of 24.24, a PEG ratio of 0.51 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 EPS. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a dividend of $0.55 per share. 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 dividend payout ratio (DPR) is 22.61%.

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.