Three Seasons Wealth LLC Purchases New Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Three Seasons Wealth LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,991 shares of the company’s stock, valued at approximately $1,848,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCL. Brown Brothers Harriman & Co. increased its holdings in shares of Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter worth about $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $36,000. ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $40,000. Finally, Atlantic Edge Private Wealth Management LLC raised its holdings in Royal Caribbean Cruises by 100.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company’s stock worth $46,000 after acquiring an additional 100 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jason T. Liberty sold 58,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the sale, the chief executive officer now owns 143,214 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Fain sold 19,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 185,021 shares of the company’s stock, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Up 1.9 %

Shares of RCL opened at $211.49 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $277.08. The company has a market cap of $57.42 billion, a PE ratio of 19.78, a P/E/G ratio of 0.90 and a beta of 2.26. The business has a fifty day moving average of $212.88 and a 200 day moving average of $226.18.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping 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 last year, the company posted $1.25 earnings per share. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 7th were given a dividend of $0.75 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 28.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RCL shares. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. BNP Paribas initiated coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They set an “outperform” rating and a $262.00 price target on the stock. Melius Research raised shares of Royal Caribbean Cruises to a “strong-buy” rating in a report on Monday. Morgan Stanley cut their target price on shares of Royal Caribbean Cruises from $270.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Finally, Susquehanna reissued a “positive” rating on shares of Royal Caribbean Cruises in a report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $272.53.

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.