Mather Group LLC. Buys 170 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mather Group LLC. grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,527 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Mather Group LLC.’s holdings in Royal Caribbean Cruises were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RCL. International Assets Investment Management LLC increased its stake in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after acquiring 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 in the 3rd quarter valued at about $14,544,000. Dakota Wealth Management increased its stake in Royal Caribbean Cruises by 3,935.2% during the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after purchasing an additional 74,966 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Royal Caribbean Cruises by 372.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after purchasing an additional 68,008 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Trading Up 1.3 %

NYSE RCL opened at $266.95 on Thursday. The company has a market cap of $71.78 billion, a PE ratio of 24.97, a PEG ratio of 0.98 and a beta of 2.59. 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 stock has a 50 day moving average of $241.16 and a 200-day moving average of $203.72.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the business posted $1.25 earnings per share. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced 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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of research reports. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Susquehanna increased their target price on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Tigress Financial increased their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group increased their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Barclays increased their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.59.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value 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. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is currently owned by corporate insiders.

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.