Three Seasons Wealth LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Three Seasons Wealth LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,991 shares of the company's stock, valued at approximately $1,848,000.

A number of other institutional investors have also modified their holdings of RCL. Brown Brothers Harriman & Co. increased its position in Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $36,000. Truvestments Capital LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at $36,000. ORG Wealth Partners LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at $40,000. Finally, Atlantic Edge Private Wealth Management LLC boosted its holdings in Royal Caribbean Cruises by 100.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of research analyst reports. UBS Group lifted their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. The Goldman Sachs Group reduced their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their target price on Royal Caribbean Cruises from $308.00 to $249.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho reiterated an "outperform" rating and issued a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $271.85.

Insider Activity at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 14,992 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jason T. Liberty sold 58,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 143,214 shares of the company's stock, valued at approximately $37,514,907.30. This represents a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,492 shares of company stock valued at $28,571,705 over the last three months. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Down 2.1 %

Shares of NYSE RCL traded down $4.63 during midday trading on Wednesday, reaching $211.95. 1,508,353 shares of the company's stock were exchanged, compared to its average volume of 2,308,642. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $277.08. The stock has a market capitalization of $57.55 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The business's fifty day moving average price is $210.39 and its two-hundred day moving average price is $226.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 earnings per share. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were issued 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 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, March 7th. Royal Caribbean Cruises's payout ratio is currently 28.06%.

Royal Caribbean Cruises declared that its board has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

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.