Ritter Daniher Financial Advisory LLC DE Reduces Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Ritter Daniher Financial Advisory LLC DE reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,322 shares of the company’s stock after selling 450 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Royal Caribbean Cruises were worth $536,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock valued at $27,000 after buying an additional 99 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $36,000. Truvestments Capital LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter worth $36,000. Finally, ORG Wealth Partners LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $40,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 5.9 %

Royal Caribbean Cruises stock opened at $177.60 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $125.06 and a 52 week high of $277.08. The stock has a 50-day moving average price of $234.61 and a 200 day moving average price of $224.82. 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 company has a market capitalization of $47.80 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 company earned $1.25 EPS. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 7th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.69%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

Royal Caribbean Cruises declared that its board has authorized a share buyback program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RCL. Tigress Financial increased their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. BNP Paribas assumed coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an “outperform” rating and a $262.00 price target for the company. Argus boosted their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Barclays boosted their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $279.58.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the sale, the chief financial officer now directly owns 42,127 shares of the company’s stock, valued at approximately $11,021,265.74. This trade represents a 28.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the company’s stock in a transaction that occurred 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 directly owns 185,021 shares of the company’s stock, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by company insiders.

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.