Lebenthal Global Advisors LLC Takes $276,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lebenthal Global Advisors LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,195 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors have also recently made changes to their positions in RCL. Plato Investment Management Ltd purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises during the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. increased its holdings in Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises in the third quarter worth about $31,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock worth $87,647,208 in the last 90 days. Insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RCL. Tigress Financial upped their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Mizuho reissued an “outperform” rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Three research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.31.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $264.71 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The business’s 50 day moving average price is $237.87 and its 200 day moving average price is $199.52. The company has a market cap of $71.17 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 0.50 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $269.96.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same quarter in the previous year, the business posted $1.25 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 annualized dividend and a dividend yield of 0.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 22.61%.

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.