Hemington Wealth Management Has $123,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Hemington Wealth Management raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 533 shares of the company’s stock after acquiring an additional 44 shares during the period. Hemington Wealth Management’s holdings in Royal Caribbean Cruises were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC raised its holdings in Royal Caribbean Cruises by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock worth $544,000 after purchasing an additional 50 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in Royal Caribbean Cruises by 12.3% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company’s stock worth $106,000 after purchasing an additional 50 shares in the last quarter. FSM Wealth Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after purchasing an additional 51 shares during the period. Brooklyn Investment Group lifted its stake in Royal Caribbean Cruises by 2.5% in the fourth quarter. Brooklyn Investment Group now owns 2,117 shares of the company’s stock valued at $488,000 after purchasing an additional 52 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Royal Caribbean Cruises by 3.0% during 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 last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RCL. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Citigroup raised 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. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.12.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $256.11 on Thursday. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $277.08. 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 $68.86 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.00 and a beta of 2.59. The firm’s fifty day moving average is $243.15 and its two-hundred day moving average is $207.31.

Royal Caribbean Cruises (NYSE:RCL) last posted 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 net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the prior year, the business earned $1.25 EPS. Research analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a dividend of $0.75 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a yield of 1.17%. Royal Caribbean Cruises’s dividend payout ratio is presently 20.58%.

Royal Caribbean Cruises declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated 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 directly owns 22,348 shares of the company’s stock, 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 three months, insiders have sold 372,609 shares of company stock worth $87,647,208. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Company 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.