Canada Pension Plan Investment Board increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,042 shares of the company's stock after buying an additional 23,956 shares during the period. Canada Pension Plan Investment Board's holdings in Royal Caribbean Cruises were worth $13,390,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Farringdon Capital Ltd. purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $230,000. NewEdge Advisors LLC lifted its position in Royal Caribbean Cruises by 4.0% during the fourth quarter. NewEdge Advisors LLC now owns 6,922 shares of the company's stock valued at $1,597,000 after acquiring an additional 266 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in Royal Caribbean Cruises by 6.4% in the fourth quarter. Insigneo Advisory Services LLC now owns 3,321 shares of the company's stock valued at $766,000 after acquiring an additional 200 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $313,000. Finally, Hanlon Investment Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $893,000. 87.53% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total value of $4,447,540.00. Following the transaction, the chief financial officer now directly owns 42,127 shares of the company's stock, valued at $11,021,265.74. This trade represents a 28.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were 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 owns 185,021 shares of the company's stock, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock valued at $28,571,705 in the last 90 days. 7.95% of the stock is owned by insiders.
Royal Caribbean Cruises Price Performance
Shares of NYSE RCL traded up $0.84 during trading on Friday, hitting $212.15. The company had a trading volume of 1,492,922 shares, compared to its average volume of 2,305,724. The firm has a market capitalization of $57.60 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. The stock has a fifty day simple moving average of $211.89 and a two-hundred day simple moving average of $226.38. 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 Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $277.08.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the business posted $1.25 EPS. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.
Royal Caribbean Cruises announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
Royal Caribbean Cruises Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 7th were issued a $0.75 dividend. The ex-dividend date was Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 28.06%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Loop Capital raised Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, March 5th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. BNP Paribas began coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target on the stock. Finally, Argus lifted their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $272.85.
Read Our Latest Stock Report on RCL
About Royal Caribbean Cruises
(
Free Report)
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.
Featured Stories
Before you consider Royal Caribbean Cruises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Caribbean Cruises wasn't on the list.
While Royal Caribbean Cruises currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
