RD Lewis Holdings Inc. Purchases Shares of 1,349 Royal Caribbean Cruises Ltd. (NYSE:RCL)

RD Lewis Holdings Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,349 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in Royal Caribbean Cruises by 511.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company’s stock valued at $498,000 after acquiring an additional 1,804 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Royal Caribbean Cruises by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company’s stock valued at $1,530,000 after acquiring an additional 1,111 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Royal Caribbean Cruises by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock valued at $5,142,000 after acquiring an additional 12,530 shares during the last quarter. Lorne Steinberg Wealth Management Inc. bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $231,000. Finally, Principal Financial Group Inc. increased its holdings in Royal Caribbean Cruises by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 291,027 shares of the company’s stock valued at $67,137,000 after acquiring an additional 7,740 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 58,000 shares of the company’s stock in a transaction that occurred on 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 owns 143,214 shares of the company’s stock, valued at approximately $37,514,907.30. This represents a 28.83 % 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 the company’s stock in a transaction that occurred 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 sale, the director now directly owns 185,021 shares of the company’s stock, valued at $47,491,190.28. The trade was a 9.53 % decrease in their position. 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 in the last three months. Company insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RCL. The Goldman Sachs Group reduced their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Loop Capital upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday, March 5th. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Citigroup boosted their target price 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. Finally, UBS Group boosted their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $283.53.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $219.71 on Tuesday. The stock has a market cap of $59.13 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1 year low of $125.06 and a 1 year high of $277.08. The firm has a 50-day moving average of $241.13 and a two-hundred day moving average of $220.62.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) 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 period in the previous year, the business posted $1.25 earnings per share. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

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

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.37%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s payout ratio is 28.06%.

Royal Caribbean Cruises Company 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.