Asset Management One Co. Ltd. Has $34.84 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Asset Management One Co. Ltd. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,729 shares of the company’s stock after acquiring an additional 23,160 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Royal Caribbean Cruises worth $34,843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Life Planning Partners Inc acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $5,322,000. Avestar Capital LLC raised its position in shares of Royal Caribbean Cruises by 9.1% in the fourth quarter. Avestar Capital LLC now owns 2,053 shares of the company’s stock valued at $474,000 after purchasing an additional 172 shares during the period. Hudock Inc. bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $247,000. Hemington Wealth Management raised its position in shares of Royal Caribbean Cruises by 9.0% in the fourth quarter. Hemington Wealth Management now owns 533 shares of the company’s stock valued at $123,000 after purchasing an additional 44 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its position in shares of Royal Caribbean Cruises by 3.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,928 shares of the company’s stock valued at $445,000 after purchasing an additional 56 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 392,109 shares of company stock worth $92,652,468. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.1 %

Shares of Royal Caribbean Cruises stock opened at $262.99 on Friday. The firm has a market capitalization of $70.71 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.00 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The company’s fifty day moving average price is $243.47 and its two-hundred day moving average price is $208.02. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 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 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 last year, the firm posted $1.25 EPS. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

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

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s payout ratio is 20.58%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RCL. Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Loop Capital began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, February 4th. They issued a “hold” rating and a $250.00 price target on the stock. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Mizuho reaffirmed an “outperform” rating and set a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $284.12.

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.