Leigh Baldwin & CO. LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 279,135 shares of the company's stock, valued at approximately $64,394,000. Leigh Baldwin & CO. LLC owned 0.10% of Royal Caribbean Cruises as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. increased its holdings in Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Atlantic Edge Private Wealth Management LLC raised its position in Royal Caribbean Cruises by 100.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock valued at $46,000 after buying an additional 100 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $50,000. Institutional investors own 87.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price objective on the stock. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Macquarie cut their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Finally, Morgan Stanley lifted their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.30.
Check Out Our Latest Report on RCL
Royal Caribbean Cruises Stock Performance
Shares of Royal Caribbean Cruises stock traded down $1.35 on Thursday, hitting $250.02. The stock had a trading volume of 1,434,029 shares, compared to its average volume of 2,290,444. The stock has a market cap of $67.90 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. 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 twelve month low of $130.08 and a twelve month high of $277.08. The business's 50 day moving average is $210.22 and its two-hundred day moving average is $229.11.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter last year, the business earned $1.77 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.
Royal Caribbean Cruises Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.
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 shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.
Insiders Place Their Bets
In related news, insider Laura H. Bethge sold 14,992 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $5,539,648.30. This trade represents a 41.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction 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 completion of the transaction, the chief executive officer now owns 143,214 shares in the company, valued at approximately $37,514,907.30. The trade was a 28.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,992 shares of company stock worth $23,566,445 in the last 90 days. Company insiders own 7.95% of the company's stock.
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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
