Private Advisor Group LLC Has $2.29 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Private Advisor Group LLC trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,910 shares of the company’s stock after selling 779 shares during the period. Private Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $2,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises during the third quarter worth about $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $27,000. LRI Investments LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $40,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $237.88 on Wednesday. Royal Caribbean Cruises Ltd. has a 52 week low of $119.48 and a 52 week high of $277.08. The stock has a market capitalization of $64.02 billion, a PE ratio of 22.25, a PEG ratio of 0.90 and a beta of 2.59. 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 stock’s fifty day moving average is $244.16 and its 200-day moving average is $214.47.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $1.25 EPS. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 28.06%.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Macquarie raised their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. 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 note on Wednesday, January 29th. Finally, Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.12.

Insider Buying and Selling

In other news, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction on 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 approximately $5,539,648.30. This trade represents a 41.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the sale, the chief executive officer now owns 143,214 shares of the company’s stock, 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 sold 109,492 shares of company stock worth $28,571,705 in the last quarter. 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.