Capital Advisors Inc. OK Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Capital Advisors Inc. OK purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 940 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also made changes to their positions in RCL. International Assets Investment Management LLC raised its stake in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after buying an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Royal Caribbean Cruises during the third quarter valued at approximately $14,544,000. Dakota Wealth Management lifted its holdings in shares of 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 buying an additional 74,966 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Royal Caribbean Cruises by 372.6% during the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after acquiring an additional 68,008 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on RCL shares. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays boosted their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Argus raised their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Loop Capital assumed coverage on Royal Caribbean Cruises in a report on Tuesday, February 4th. They set a “hold” rating and a $250.00 price objective on the stock. Finally, Macquarie increased their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $284.12.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $256.11 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $277.08. The company has a market capitalization of $68.86 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.00 and a beta of 2.59. The firm’s 50-day moving average is $243.15 and its 200 day moving average is $207.31.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, January 28th. The company reported $1.63 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 quarter in the previous year, the business earned $1.25 EPS. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

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

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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.58%.

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.