Inceptionr LLC Makes New $898,000 Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Inceptionr LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,894 shares of the company’s stock, valued at approximately $898,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. D1 Capital Partners L.P. boosted its holdings in shares of Royal Caribbean Cruises by 3.8% during the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after buying an additional 58,159 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company’s stock worth $350,418,000 after buying an additional 48,480 shares in the last quarter. National Pension Service boosted its holdings in shares of Royal Caribbean Cruises by 138.9% during the 4th quarter. National Pension Service now owns 864,049 shares of the company’s stock worth $199,327,000 after buying an additional 502,349 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in shares of Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after buying an additional 13,520 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the completion of the sale, the chief executive officer now owns 143,214 shares of the company’s stock, valued at approximately $37,514,907.30. This trade represents a 28.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $256.68, for a total value of $5,005,260.00. Following the completion of the sale, the director now directly owns 185,021 shares of the company’s stock, valued at approximately $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 valued at $28,571,705 in the last ninety days. 7.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RCL shares. Susquehanna cut their price target on Royal Caribbean Cruises from $305.00 to $295.00 and set a “positive” rating on the stock in a report on Wednesday. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday. Finally, Morgan Stanley increased their target price on Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.53.

Royal Caribbean Cruises Trading Down 7.0 %

Shares of Royal Caribbean Cruises stock opened at $215.08 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $124.24 and a 1 year high of $277.08. The firm has a market cap of $57.88 billion, a PE ratio of 20.12, a P/E/G ratio of 0.90 and a beta of 2.53. The stock has a fifty day moving average price of $243.90 and a 200-day moving average price of $217.48. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15.

Royal Caribbean Cruises (NYSE:RCL) last announced its 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 last year, the firm posted $1.25 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 28.06%.

Royal Caribbean Cruises 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.