240 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by Campbell Capital Management Inc.

Campbell Capital Management Inc. acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 240 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors have also bought and sold shares of RCL. National Pension Service lifted its holdings in Royal Caribbean Cruises by 138.9% in the fourth quarter. National Pension Service now owns 864,049 shares of the company’s stock worth $199,327,000 after purchasing an additional 502,349 shares during the period. Proficio Capital Partners LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $69,556,000. AustralianSuper Pty Ltd lifted its holdings in Royal Caribbean Cruises by 2,042.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after acquiring an additional 117,152 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after acquiring an additional 93,899 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $14,544,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group upped their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Loop Capital raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, March 5th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Truist Financial upped their price target on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $283.53.

Insider Activity

In related news, Director Richard D. Fain sold 19,500 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were 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 directly owns 185,021 shares in the company, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jason T. Liberty sold 58,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 of the company’s stock, valued at $37,514,907.30. This represents a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock worth $28,571,705 in the last ninety days. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.1 %

Royal Caribbean Cruises stock opened at $212.33 on Friday. The company’s fifty day simple moving average is $241.31 and its 200-day simple moving average is $219.53. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 12 month low of $125.06 and a 12 month high of $277.08. The stock has a market cap of $57.14 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 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 previous year, the company posted $1.25 EPS. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.75 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s payout ratio is currently 28.06%.

Royal Caribbean Cruises announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

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.