300 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Graney & King LLC

Graney & King LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 300 shares of the company’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Safe Harbor Fiduciary LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter valued at about $27,000. LRI Investments LLC bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $40,000. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on 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. Susquehanna reaffirmed a “positive” rating on shares of Royal Caribbean Cruises in a research report on Tuesday. Mizuho reiterated an “outperform” rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.53.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,500 shares of the stock in a transaction on Thursday, February 13th. The shares were 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 of the company’s stock, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the completion of the transaction, the insider now owns 21,155 shares in the company, valued at approximately $5,539,648.30. The trade was a 41.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,492 shares of company stock worth $28,571,705 in the last quarter. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Down 0.2 %

Royal Caribbean Cruises stock opened at $225.06 on Wednesday. The stock has a market cap of $60.57 billion, a P/E ratio of 21.05, a PEG ratio of 0.90 and a beta of 2.53. Royal Caribbean Cruises Ltd. has a fifty-two week low of $125.06 and a fifty-two week high of $277.08. The firm’s fifty day moving average price is $239.89 and its 200-day moving average price is $223.00. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17.

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. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share 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 issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 28.06%.

Royal Caribbean Cruises announced that its board has authorized a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 management believes its stock is undervalued.

Royal Caribbean Cruises 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.