Stifel Financial Corp Has $28.60 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Stifel Financial Corp boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,981 shares of the company's stock after buying an additional 28,263 shares during the quarter. Stifel Financial Corp's holdings in Royal Caribbean Cruises were worth $28,602,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital International Investors grew its stake in 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 during the last quarter. Vanguard Group Inc. boosted its stake in Royal Caribbean Cruises by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Norges Bank acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at $707,833,000. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,500 shares of the business'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 transaction, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Naftali Holtz sold 17,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total transaction of $4,447,540.00. Following the sale, the chief financial officer now owns 42,127 shares of the company's stock, valued at approximately $11,021,265.74. This trade represents a 28.75 % 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 worth $28,571,705 over the last ninety days. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Down 2.0 %

RCL traded down $4.31 during trading on Wednesday, reaching $212.27. 1,200,836 shares of the company's stock were exchanged, compared to its average volume of 2,307,556. The firm has a fifty day moving average price of $210.39 and a two-hundred day moving average price of $226.91. The stock has a market capitalization of $57.63 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $277.08. 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 posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. Royal Caribbean Cruises's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were paid a $0.75 dividend. 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 dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, March 7th. Royal Caribbean Cruises's payout ratio is currently 28.06%.

Analysts Set New Price Targets

RCL has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Jefferies Financial Group began coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They issued a "hold" rating and a $230.00 price target on the stock. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Susquehanna reaffirmed a "positive" rating on shares of Royal Caribbean Cruises in a research note on Tuesday, March 25th. Finally, Morgan Stanley dropped their price target on shares of Royal Caribbean Cruises from $270.00 to $220.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $272.85.

Royal Caribbean Cruises Profile

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.