Capital International Inc. CA Sells 92,068 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Capital International Inc. CA lessened its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 537,448 shares of the company's stock after selling 92,068 shares during the period. Royal Caribbean Cruises makes up 1.5% of Capital International Inc. CA's portfolio, making the stock its 10th biggest position. Capital International Inc. CA owned about 0.20% of Royal Caribbean Cruises worth $123,984,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RCL. Capital International Investors increased its holdings in shares of Royal Caribbean Cruises by 0.9% during the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after buying an additional 278,860 shares in the last quarter. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC raised its position in Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $707,833,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Royal Caribbean Cruises by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company's stock valued at $350,418,000 after buying an additional 48,480 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RCL has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Mizuho reissued an "outperform" rating and set a $253.00 price target (down from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday. Susquehanna reiterated a "positive" rating on shares of Royal Caribbean Cruises in a research report on Tuesday, March 25th. Finally, The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $272.53.

Royal Caribbean Cruises Trading Up 1.9 %

Shares of Royal Caribbean Cruises stock traded up $3.88 during trading hours on Thursday, hitting $211.38. The company's stock had a trading volume of 1,059,677 shares, compared to its average volume of 2,323,559. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The company has a market capitalization of $56.89 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. The stock has a 50 day moving average of $213.91 and a 200 day moving average of $225.96.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $1.25 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were paid a $0.75 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. Royal Caribbean Cruises's dividend payout ratio is presently 28.06%.

Royal Caribbean Cruises declared that its board has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows 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 stock is undervalued.

Insiders Place Their Bets

In related news, CEO Jason T. Liberty sold 58,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Naftali Holtz sold 17,000 shares of the business'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 completion of the sale, the chief financial officer now owns 42,127 shares in the company, valued at $11,021,265.74. The trade was a 28.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,492 shares of company stock worth $28,571,705. Corporate insiders own 7.95% of the company's stock.

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.