Intrepid Financial Planning Group LLC Decreases Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Intrepid Financial Planning Group LLC lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,589 shares of the company’s stock after selling 190 shares during the period. Intrepid Financial Planning Group LLC’s holdings in Royal Caribbean Cruises were worth $597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its stake in Royal Caribbean Cruises by 3.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,226 shares of the company’s stock worth $1,898,000 after purchasing an additional 305 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $55,000. Sienna Gestion lifted its position in shares of Royal Caribbean Cruises by 622.7% in the 4th quarter. Sienna Gestion now owns 32,723 shares of the company’s stock worth $7,548,000 after purchasing an additional 28,195 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Royal Caribbean Cruises by 5.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 79,872 shares of the company’s stock worth $18,426,000 after purchasing an additional 3,994 shares during the period. Finally, Balboa Wealth Partners purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $317,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $212.33 on Friday. The company’s 50-day moving average price is $241.31 and its 200-day moving average price is $219.88. 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 $57.14 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.90 and a beta of 2.53. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.25 EPS. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board 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 given a dividend of $0.75 per share. The ex-dividend date is Friday, March 7th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 28.06%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the sale, the chief executive officer now directly owns 143,214 shares in the company, valued at $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the transaction, the director now owns 185,021 shares of the company’s stock, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,492 shares of company stock worth $28,571,705 over the last three months. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on RCL. UBS Group increased their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group decreased their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Sanford C. Bernstein started coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price target for the company. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $283.53.

About Royal Caribbean Cruises

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.