Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Souders Financial Advisors

Souders Financial Advisors cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,395 shares of the company’s stock after selling 114 shares during the quarter. Souders Financial Advisors’ holdings in Royal Caribbean Cruises were worth $1,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hemington Wealth Management increased its position in shares of Royal Caribbean Cruises by 9.0% during the fourth quarter. Hemington Wealth Management now owns 533 shares of the company’s stock worth $123,000 after purchasing an additional 44 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Royal Caribbean Cruises by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock worth $544,000 after buying an additional 50 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in Royal Caribbean Cruises by 12.3% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company’s stock valued at $106,000 after buying an additional 50 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of Royal Caribbean Cruises by 16.7% in the fourth quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock valued at $81,000 after acquiring an additional 50 shares during the period. Finally, FSM Wealth Advisors LLC grew its position in shares of Royal Caribbean Cruises by 3.2% during the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RCL shares. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Bank of America raised their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays upped their price objective on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Loop Capital began coverage on Royal Caribbean Cruises in a research report on Tuesday, February 4th. They set a “hold” rating and a $250.00 price objective for the company. Finally, Citigroup boosted their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $284.12.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the company’s stock in a transaction dated 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 directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the sale, the insider now owns 21,155 shares of the company’s stock, valued at approximately $5,539,648.30. This trade represents a 41.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

RCL stock opened at $226.67 on Wednesday. The company has a market cap of $61.00 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.90 and a beta of 2.59. 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 firm has a 50 day moving average of $244.53 and a 200-day moving average of $217.40. Royal Caribbean Cruises Ltd. has a 12-month low of $124.24 and a 12-month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 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 period last year, the firm posted $1.25 EPS. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed 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 is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s payout ratio is currently 28.06%.

Royal Caribbean Cruises announced that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Royal Caribbean Cruises 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.