Campbell Capital Management Inc. Purchases Shares of 240 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Campbell Capital Management Inc. purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 240 shares of the company’s stock, valued at approximately $55,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $27,000. LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $31,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $36,000. Finally, Truvestments Capital LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $36,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Loop Capital raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. The Goldman Sachs Group dropped 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 research note on Friday, January 24th. Finally, Mizuho restated an “outperform” rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.53.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 58,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the transaction, the chief executive officer now owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 19,500 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the transaction, the director now owns 185,021 shares of the company’s stock, valued at $47,491,190.28. This represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,492 shares of company stock worth $28,571,705. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 2.1 %

RCL stock opened at $212.33 on Friday. 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 Ltd. has a 1-year low of $125.06 and a 1-year high of $277.08. The firm has a fifty day moving average price of $241.31 and a two-hundred day moving average price of $219.53. The firm has a market cap of $57.14 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL) last released its 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 quarter last year, the business earned $1.25 earnings per share. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently declared 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 represents a $3.00 annualized dividend and a dividend yield of 1.41%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. Royal Caribbean Cruises’s dividend payout ratio is currently 28.06%.

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

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.