Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,723 shares of the company’s stock after selling 188 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Royal Caribbean Cruises were worth $859,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AustralianSuper Pty Ltd boosted its holdings in shares of 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 acquiring an additional 117,152 shares during the period. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Royal Caribbean Cruises by 2.2% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 132,806 shares of the company’s stock valued at $30,637,000 after acquiring an additional 2,815 shares during the period. Asset Planning Inc acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $784,000. DT Investment Partners LLC boosted its holdings in shares of Royal Caribbean Cruises by 16.7% during the fourth quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock valued at $81,000 after acquiring an additional 50 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Royal Caribbean Cruises by 18.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 149,729 shares of the company’s stock valued at $34,843,000 after acquiring an additional 23,160 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Susquehanna upped their price objective 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. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Argus upped their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $262.99 on Monday. The stock’s 50-day moving average price is $243.57 and its two-hundred day moving average price is $209.13. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The company has a market cap of $70.71 billion, a PE ratio of 24.60, a PEG ratio of 1.00 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $1.25 EPS. On average, analysts predict 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. Stockholders of record on Friday, March 7th will be issued a $0.75 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.14%. Royal Caribbean Cruises’s dividend payout ratio is currently 28.06%.

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

Insider Activity at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s 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 sale, the director now directly owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 392,109 shares of company stock valued at $92,652,468. 7.95% of the stock is 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.