15,483 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Puff Wealth Management LLC

Puff Wealth Management LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,483 shares of the company’s stock, valued at approximately $3,572,000. Royal Caribbean Cruises makes up approximately 5.9% of Puff Wealth Management LLC’s holdings, making the stock its 2nd largest position.

Other large investors have also modified their holdings of the company. Manchester Capital Management LLC raised its holdings in Royal Caribbean Cruises by 71.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,864 shares of the company’s stock worth $430,000 after purchasing an additional 775 shares during the period. AustralianSuper Pty Ltd grew its holdings in Royal Caribbean Cruises by 2,042.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after purchasing an additional 117,152 shares during the period. Chevy Chase Trust Holdings LLC increased its position in shares of Royal Caribbean Cruises by 2.2% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 132,806 shares of the company’s stock valued at $30,637,000 after buying an additional 2,815 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $784,000. Finally, DT Investment Partners LLC lifted its position in shares of Royal Caribbean Cruises by 16.7% during the 4th quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock valued at $81,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly 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. Insiders have sold a total of 392,109 shares of company stock valued at $92,652,468 in the last quarter. Insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RCL. The Goldman Sachs Group cut their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 24th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. UBS Group lifted their price objective on Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Finally, Bank of America raised their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $284.12.

Royal Caribbean Cruises Trading Up 1.1 %

Shares of RCL opened at $262.99 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $277.08. The firm has a market capitalization of $70.71 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.00 and a beta of 2.59. The firm has a 50-day moving average price of $243.57 and a 200 day moving average price of $208.77. 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 (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating 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 posted $1.25 earnings per share. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises declared that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication 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. Shareholders of record on Friday, March 7th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.14%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s payout ratio is currently 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.