Phoenix Financial Ltd. Makes New $1.33 Million Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Phoenix Financial Ltd. bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, Holdings Channel reports. The firm bought 5,783 shares of the company’s stock, valued at approximately $1,334,000.

A number of other large investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Royal Caribbean Cruises by 0.7% in the 4th quarter. Bessemer Group Inc. now owns 17,594 shares of the company’s stock valued at $4,059,000 after purchasing an additional 126 shares during the period. Advisory Services Network LLC boosted its position in shares of Royal Caribbean Cruises by 48.8% in the fourth quarter. Advisory Services Network LLC now owns 14,815 shares of the company’s stock valued at $3,418,000 after acquiring an additional 4,857 shares during the period. Renaissance Technologies LLC grew its stake in shares of Royal Caribbean Cruises by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 938,743 shares of the company’s stock valued at $216,559,000 after acquiring an additional 98,900 shares in the last quarter. Shelton Capital Management increased its position in Royal Caribbean Cruises by 8.5% during the fourth quarter. Shelton Capital Management now owns 1,341 shares of the company’s stock worth $309,000 after acquiring an additional 105 shares during the period. Finally, Rathbones Group PLC raised its stake in Royal Caribbean Cruises by 15,633.2% in the 4th quarter. Rathbones Group PLC now owns 353,996 shares of the company’s stock worth $81,663,000 after purchasing an additional 351,746 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of several recent research reports. UBS Group raised their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Citigroup raised their price objective on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Susquehanna reiterated a “positive” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, March 25th. Loop Capital upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus dropped their target price on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a “buy” rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $276.95.

Insider Buying and Selling

In other news, CFO Naftali Holtz sold 17,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the completion of the transaction, the chief financial officer now directly owns 42,127 shares of the company’s stock, valued at approximately $11,021,265.74. This trade represents a 28.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura H. Bethge sold 14,992 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total value of $3,925,805.12. Following the sale, the insider now owns 21,155 shares in the company, valued at approximately $5,539,648.30. The trade was a 41.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,492 shares of company stock valued at $28,571,705 over the last ninety days. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Down 8.3 %

RCL opened at $192.02 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. Royal Caribbean Cruises Ltd. has a fifty-two week low of $125.06 and a fifty-two week high of $277.08. The company’s 50 day moving average price is $226.14 and its two-hundred day moving average price is $225.20. The firm has a market capitalization of $51.68 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.90 and a beta of 2.26.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 net margin of 17.46% and a return on equity of 48.97%. During the same period in the previous year, the business earned $1.25 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

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

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.