Todd Asset Management LLC Has $31.09 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Todd Asset Management LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 134,777 shares of the company’s stock after buying an additional 597 shares during the period. Todd Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $31,092,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RCL. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises during the third quarter valued at $26,000. Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises in the third quarter valued at about $27,000. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $36,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $40,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total value of $5,005,260.00. Following the completion of the sale, the director now directly owns 185,021 shares of the company’s stock, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jason T. Liberty sold 58,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total value of $15,193,100.00. Following the transaction, the chief executive officer now owns 143,214 shares of the company’s stock, valued at $37,514,907.30. This trade represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 1.4 %

NYSE RCL opened at $237.49 on Tuesday. The firm has a market capitalization of $63.92 billion, a PE ratio of 22.22, a P/E/G ratio of 0.90 and a beta of 2.59. The stock’s 50 day moving average is $244.24 and its 200 day moving average is $213.89. Royal Caribbean Cruises Ltd. has a twelve month low of $119.48 and a twelve month high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS 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 quarter in the previous year, the business earned $1.25 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 1.26%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 28.06%.

Wall Street Analysts Forecast Growth

RCL has been the topic of several recent research reports. Barclays raised their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Mizuho reiterated an “outperform” rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. UBS Group raised their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

Royal Caribbean Cruises Company 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.