OneDigital Investment Advisors LLC lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 51.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,962 shares of the company's stock after selling 5,233 shares during the period. OneDigital Investment Advisors LLC's holdings in Royal Caribbean Cruises were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in Royal Caribbean Cruises by 136.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,660 shares of the company's stock worth $3,613,000 after buying an additional 9,031 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Royal Caribbean Cruises by 5.5% in the 4th quarter. MetLife Investment Management LLC now owns 68,916 shares of the company's stock valued at $15,898,000 after purchasing an additional 3,590 shares during the period. NWK Group Inc. lifted its stake in Royal Caribbean Cruises by 2.7% in the 4th quarter. NWK Group Inc. now owns 32,703 shares of the company's stock valued at $7,544,000 after purchasing an additional 869 shares during the last quarter. Ostrum Asset Management increased its position in Royal Caribbean Cruises by 0.3% during the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after buying an additional 40 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Royal Caribbean Cruises by 5.0% in the fourth quarter. Norinchukin Bank The now owns 9,302 shares of the company's stock valued at $2,146,000 after buying an additional 442 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.
Royal Caribbean Cruises Stock Performance
Shares of NYSE:RCL traded down $4.31 during mid-day trading on Wednesday, reaching $212.27. The company had a trading volume of 1,200,836 shares, compared to its average volume of 2,307,556. The company's 50-day moving average price is $210.39 and its 200-day moving average price is $226.91. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $277.08. The firm has a market cap of $57.63 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.90 and a beta of 2.26. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm earned $1.77 EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Royal Caribbean Cruises announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Royal Caribbean Cruises Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were given a $0.75 dividend. The ex-dividend date was Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is 28.06%.
Insider Buying and Selling
In related news, Director Richard D. Fain sold 19,500 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the sale, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total value of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares of the company's stock, valued at $5,539,648.30. The trade was a 41.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,492 shares of company stock valued at $28,571,705. Company insiders own 7.95% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Mizuho reiterated an "outperform" rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. The Goldman Sachs Group lowered their price objective on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, Argus raised their price target on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $272.85.
View Our Latest Stock Analysis on RCL
Royal Caribbean Cruises Company Profile
(
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.
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