denkapparat Operations GmbH Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

denkapparat Operations GmbH bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, Holdings Channel reports. The fund bought 932 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also modified their holdings of RCL. Raymond James Trust N.A. acquired a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $202,000. Bridgewater Associates LP bought a new position in Royal Caribbean Cruises during the 3rd quarter worth $4,779,000. Glenmede Trust Co. NA raised its holdings in Royal Caribbean Cruises by 1.8% in 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at $14,544,000. Finally, CreativeOne Wealth LLC grew its holdings in shares of Royal Caribbean Cruises by 459.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 7,812 shares of the company’s stock worth $1,386,000 after purchasing an additional 6,415 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $207.35 on Friday. The firm has a market cap of $55.80 billion, a P/E ratio of 19.40, a P/E/G ratio of 0.90 and a beta of 2.53. The stock’s 50 day moving average is $238.63 and its 200 day moving average is $223.27. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a one year low of $125.06 and a one year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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 period last year, the company posted $1.25 EPS. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

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

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of analyst reports. Macquarie increased their price objective on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Truist Financial lifted their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a report on Monday, January 27th. BNP Paribas started coverage on Royal Caribbean Cruises in a report on Thursday. They set an “outperform” rating and a $262.00 price target for the company. Finally, Susquehanna reaffirmed a “positive” rating on shares of Royal Caribbean Cruises in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.33.

Insider Activity

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the completion of the sale, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. The trade was a 28.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the 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 transaction, the director now owns 185,021 shares in the company, valued at $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,492 shares of company stock valued at $28,571,705 in the last ninety days. 7.95% of the stock is owned by company insiders.

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.