Schechter Investment Advisors LLC Sells 187 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Schechter Investment Advisors LLC lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,371 shares of the company’s stock after selling 187 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $547,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gryphon Financial Partners LLC raised its holdings in shares of Royal Caribbean Cruises by 4.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,267 shares of the company’s stock worth $523,000 after purchasing an additional 96 shares during the period. Mission Wealth Management LP increased its holdings in Royal Caribbean Cruises by 14.8% in the 4th quarter. Mission Wealth Management LP now owns 1,394 shares of the company’s stock worth $322,000 after acquiring an additional 180 shares during the last quarter. Plato Investment Management Ltd increased its holdings in Royal Caribbean Cruises by 1,376.2% in the 4th quarter. Plato Investment Management Ltd now owns 2,170 shares of the company’s stock worth $502,000 after acquiring an additional 2,023 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $598,000. Finally, Jones Financial Companies Lllp raised its holdings in Royal Caribbean Cruises by 61.7% during the 4th quarter. Jones Financial Companies Lllp now owns 15,786 shares of the company’s stock valued at $3,642,000 after acquiring an additional 6,026 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 6.0 %

Shares of RCL opened at $226.67 on Wednesday. Royal Caribbean Cruises Ltd. has a 1 year low of $124.24 and a 1 year high of $277.08. 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 stock has a 50 day simple moving average of $244.53 and a two-hundred day simple moving average of $217.40. The firm has a market cap of $61.00 billion, a P/E ratio of 21.20, a P/E/G ratio of 0.90 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business posted $1.25 earnings per share. On average, 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 business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. 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 28.06%.

Royal Caribbean Cruises announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna boosted their price objective on Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Mizuho reissued an “outperform” rating and issued a $253.00 price target (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays increased their price objective 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. Finally, StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $284.12.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the 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 completion of the sale, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the sale, the chief executive officer now owns 143,214 shares in the company, valued at approximately $37,514,907.30. This trade represents a 28.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,492 shares of company stock valued at $28,571,705 in the last ninety days. Company insiders own 7.95% of the company’s stock.

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.