Last Updated on February 25, 2025 by Mrunal & Jiten
Principal Securities Inc. lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 72.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,997 shares of the company’s stock after acquiring an additional 5,046 shares during the period. Principal Securities Inc.’s holdings in Royal Caribbean Cruises were worth $2,768,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of RCL. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises during the third quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises during the third quarter worth $27,000. Bay Harbor Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth $36,000. ORG Wealth Partners LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth $40,000. Finally, LRI Investments LLC acquired a new stake in Royal Caribbean Cruises during the third quarter worth $31,000. Institutional investors and hedge funds own 87.53% of the company’s stock.
RCL has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Argus boosted their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their target price on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.
Check Out Our Latest Report on RCL
In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 14,992 shares of the 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 transaction, the insider now owns 21,155 shares in the company, valued at $5,539,648.30. This trade represents a 41.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total value of $5,005,260.00. Following the transaction, the director now owns 185,021 shares in the company, valued at $47,491,190.28. The trade was a 9.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,492 shares of company stock worth $28,571,705. Company insiders own 7.95% of the company’s stock.
Shares of RCL traded down $9.73 on Friday, hitting $234.16. The company’s stock had a trading volume of 4,119,838 shares, compared to its average volume of 2,475,483. 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 firm’s fifty day moving average price is $244.35 and its 200-day moving average price is $212.42. Royal Caribbean Cruises Ltd. has a fifty-two week low of $119.48 and a fifty-two week high of $277.08. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 0.98 and a beta of 2.59.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued its quarterly earnings data 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 return on equity of 48.97% and a net margin of 17.46%. During the same period last year, the firm posted $1.25 earnings per share. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.
The business also recently disclosed 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 of this dividend is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio is currently 28.06%.
Royal Caribbean Cruises announced that its board has initiated a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
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.
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