Envestnet Portfolio Solutions Inc. Has $1.90 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Envestnet Portfolio Solutions Inc. grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,226 shares of the company’s stock after purchasing an additional 305 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Royal Caribbean Cruises were worth $1,898,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Royal Caribbean Cruises by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company’s stock valued at $470,000 after purchasing an additional 39 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 1.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company’s stock valued at $630,000 after purchasing an additional 42 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of Royal Caribbean Cruises by 9.0% during the fourth quarter. Hemington Wealth Management now owns 533 shares of the company’s stock valued at $123,000 after purchasing an additional 44 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 3.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company’s stock valued at $313,000 after purchasing an additional 47 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after purchasing an additional 50 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the subject of a number of analyst reports. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Mizuho restated an “outperform” rating and set a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. UBS Group raised their price objective on Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Susquehanna lowered their price objective on Royal Caribbean Cruises from $305.00 to $295.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $283.53.

Royal Caribbean Cruises Stock Down 0.2 %

Shares of NYSE:RCL opened at $214.75 on Friday. The company has a market capitalization of $57.79 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. 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 business has a fifty day moving average price of $240.22 and a two-hundred day moving average price of $220.81. Royal Caribbean Cruises Ltd. has a 1 year low of $125.06 and a 1 year high of $277.08.

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 return on equity of 48.97% and a net margin of 17.46%. During the same period in the prior year, the firm posted $1.25 earnings per share. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. 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 outstanding shares. This buyback authorization authorizes the company to buy up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Laura H. Bethge sold 14,992 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the transaction, the insider now owns 21,155 shares of the company’s stock, valued at $5,539,648.30. This represents a 41.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director now directly owns 185,021 shares in the company, valued at $47,491,190.28. This represents a 9.53 % 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 90 days. Insiders own 7.95% of the company’s stock.

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.