Liberty Wealth Management LLC Sells 462 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Liberty Wealth Management LLC trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 999 shares of the company’s stock after selling 462 shares during the quarter. Liberty Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $230,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RCL. Plato Investment Management Ltd purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $27,000. LRI Investments LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $36,000. Finally, Truvestments Capital LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $36,000. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,500 shares of the company’s stock in a transaction on 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 in the company, valued at $47,491,190.28. This represents a 9.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jason T. Liberty sold 58,000 shares of the stock in a transaction on 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 $37,514,907.30. The trade was a 28.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,492 shares of company stock worth $28,571,705 in the last three months. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $207.34 on Thursday. Royal Caribbean Cruises Ltd. has a 1-year low of $125.06 and a 1-year high of $277.08. The firm has a fifty day simple moving average of $242.06 and a two-hundred day simple moving average of $219.25. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The firm has a market cap of $55.80 billion, a PE ratio of 19.40, a P/E/G ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping 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 period last year, the business posted $1.25 earnings per share. On average, equities 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 initiated a share buyback program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio is 28.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RCL shares. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Tigress Financial boosted their price objective on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho restated an “outperform” rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Finally, Barclays boosted their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.53.

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.