Truvestments Capital LLC Invests $36,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Truvestments Capital LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 157 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 1.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company’s stock worth $630,000 after acquiring an additional 42 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 12.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,715 shares of the company’s stock worth $396,000 after acquiring an additional 188 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 20.3% during the 4th quarter. Prosperity Financial Group Inc. now owns 6,864 shares of the company’s stock worth $1,583,000 after acquiring an additional 1,157 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Royal Caribbean Cruises by 7.1% during the 4th quarter. Wealthfront Advisers LLC now owns 30,214 shares of the company’s stock worth $6,970,000 after acquiring an additional 1,992 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $415,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard D. Fain sold 19,500 shares of the firm’s 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 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 filing with the SEC, which is accessible through this link. Also, CEO Jason T. Liberty sold 58,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,492 shares of company stock worth $28,571,705. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $208.01 on Friday. The stock’s fifty day moving average is $241.64 and its two-hundred day moving average is $219.18. The company has a market capitalization of $55.98 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 52 week low of $125.06 and a 52 week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company earned $1.25 EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has initiated a stock repurchase plan 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 plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. 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%.

Analysts Set New Price Targets

Several research firms recently weighed in on RCL. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group decreased their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Argus increased their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their price target on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $283.53.

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.