Little House Capital LLC Acquires 91 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Little House Capital LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,379 shares of the company’s stock after buying an additional 91 shares during the quarter. Little House Capital LLC’s holdings in Royal Caribbean Cruises were worth $1,241,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares during the period. AustralianSuper Pty Ltd boosted its position in Royal Caribbean Cruises by 2,042.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after purchasing an additional 117,152 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Royal Caribbean Cruises by 138.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after purchasing an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Royal Caribbean Cruises in the third quarter valued at about $14,544,000. Finally, Dakota Wealth Management raised its holdings in Royal Caribbean Cruises by 3,935.2% in the third quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after purchasing an additional 74,966 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was 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 owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 18,556,860 shares in the company, valued at $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,109 shares of company stock worth $92,652,468. Corporate insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. 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 report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Barclays upped their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Mizuho reissued an “outperform” rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.12.

Royal Caribbean Cruises Stock Up 1.1 %

NYSE:RCL opened at $262.99 on Friday. 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 company’s fifty day moving average price is $243.57 and its 200-day moving average price is $208.77. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The firm has a market capitalization of $70.71 billion, a P/E ratio of 24.60, a PEG ratio of 1.00 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $1.25 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be issued a $0.75 dividend. The ex-dividend date is Friday, March 7th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a yield of 1.14%. Royal Caribbean Cruises’s payout ratio is presently 20.58%.

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.