Fifth Third Wealth Advisors LLC Grows Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fifth Third Wealth Advisors LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,360 shares of the company’s stock after purchasing an additional 50 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $544,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Royal Caribbean Cruises during the third quarter worth $31,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at $40,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $233.07 on Friday. The company has a 50 day moving average of $236.76 and a two-hundred day moving average of $194.81. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70. The company has a market cap of $62.67 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 0.48 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the firm earned $3.85 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 annualized dividend and a dividend yield of 0.94%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This represents a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock valued at $94,299,521 in the last three months. 7.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RCL. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Citigroup increased their price objective on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Finally, Barclays increased their price target on Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $243.25.

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.