Asset Planning Inc Invests $784,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Asset Planning Inc purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,400 shares of the company’s stock, valued at approximately $784,000.

Several other large investors have also modified their holdings of the stock. DT Investment Partners LLC lifted its position in shares of Royal Caribbean Cruises by 16.7% during the fourth quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock worth $81,000 after purchasing an additional 50 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Royal Caribbean Cruises by 18.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 149,729 shares of the company’s stock worth $34,843,000 after purchasing an additional 23,160 shares during the last quarter. Life Planning Partners Inc bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $5,322,000. Avestar Capital LLC lifted its position in shares of Royal Caribbean Cruises by 9.1% during the fourth quarter. Avestar Capital LLC now owns 2,053 shares of the company’s stock worth $474,000 after purchasing an additional 172 shares during the last quarter. Finally, Hudock Inc. bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $247,000. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RCL. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Mizuho reissued an “outperform” rating and issued a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Sanford C. Bernstein began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Finally, The Goldman Sachs Group cut 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. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $284.12.

Insider Buying and Selling

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,609 shares of company stock valued at $87,647,208. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.6 %

Royal Caribbean Cruises stock opened at $260.37 on Friday. 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 firm has a market cap of $70.01 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.00 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $277.08. The firm’s 50 day moving average price is $243.28 and its two-hundred day moving average price is $207.65.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping 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 last year, the business earned $1.25 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a $0.75 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.15%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.58%.

Royal Caribbean Cruises announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.