1,050 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,050 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCL. Howard Capital Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 4.9% during the 4th quarter. Howard Capital Management Inc. now owns 1,338 shares of the company’s stock valued at $309,000 after buying an additional 63 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in Royal Caribbean Cruises by 7.8% during the fourth quarter. Wealthspire Advisors LLC now owns 2,195 shares of the company’s stock worth $506,000 after purchasing an additional 159 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Royal Caribbean Cruises by 18.4% during the fourth quarter. First Horizon Advisors Inc. now owns 437 shares of the company’s stock worth $101,000 after purchasing an additional 68 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in Royal Caribbean Cruises by 2.6% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 2,259 shares of the company’s stock worth $521,000 after purchasing an additional 58 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its position in Royal Caribbean Cruises by 8.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,928 shares of the company’s stock worth $676,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 4.0 %

RCL stock opened at $234.16 on Monday. The company has a market cap of $63.02 billion, a P/E ratio of 21.90, a PEG ratio of 0.90 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a twelve month low of $119.48 and a twelve month high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The business has a fifty day moving average of $244.35 and a 200-day moving average of $213.32.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the business earned $1.25 earnings per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is 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 given a dividend of $0.75 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,500 shares of the 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 transaction, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. 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 firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the transaction, the chief financial officer now owns 42,127 shares in the company, valued at approximately $11,021,265.74. This trade represents a 28.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,492 shares of company stock valued at $28,571,705. Insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays increased their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price target for the company. Citigroup increased their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $284.12.

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.