Valmark Advisers Inc. Sells 66 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Valmark Advisers Inc. lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,282 shares of the company’s stock after selling 66 shares during the period. Valmark Advisers Inc.’s holdings in Royal Caribbean Cruises were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. MN Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter worth about $233,000. Allworth Financial LP increased its stake in shares of Royal Caribbean Cruises by 6.0% during the 4th quarter. Allworth Financial LP now owns 3,861 shares of the company’s stock worth $912,000 after purchasing an additional 218 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Royal Caribbean Cruises by 72.6% in the 4th quarter. Principal Securities Inc. now owns 11,997 shares of the company’s stock worth $2,768,000 after purchasing an additional 5,046 shares during the period. Little House Capital LLC lifted its stake in Royal Caribbean Cruises by 1.7% in the fourth quarter. Little House Capital LLC now owns 5,379 shares of the company’s stock valued at $1,241,000 after purchasing an additional 91 shares during the last quarter. Finally, Everhart Financial Group Inc. grew its holdings in Royal Caribbean Cruises by 1.6% during the fourth quarter. Everhart Financial Group Inc. now owns 7,155 shares of the company’s stock valued at $1,651,000 after purchasing an additional 116 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction on 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 completion of 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 disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.6 %

RCL stock opened at $261.62 on Wednesday. The company’s 50 day moving average is $243.88 and its 200 day moving average is $210.31. The stock has a market cap of $70.35 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.00 and a beta of 2.59. 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 Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating 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 previous year, the company posted $1.25 EPS. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

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

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be issued a $0.75 dividend. This is a boost 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 1.15%. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio is presently 20.58%.

Analysts Set New Price Targets

RCL has been the topic of several research reports. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Loop Capital assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, February 4th. They set a “hold” rating and a $250.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.12.

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.