Mizuho Securities USA LLC Has $5.41 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mizuho Securities USA LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 52.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,445 shares of the company’s stock after buying an additional 8,088 shares during the period. Mizuho Securities USA LLC’s holdings in Royal Caribbean Cruises were worth $5,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. D1 Capital Partners L.P. grew its stake in Royal Caribbean Cruises by 3.8% in the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after purchasing an additional 58,159 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Royal Caribbean Cruises by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company’s stock valued at $350,418,000 after purchasing an additional 48,480 shares in the last quarter. National Pension Service grew its stake in Royal Caribbean Cruises by 138.9% in the fourth quarter. National Pension Service now owns 864,049 shares of the company’s stock valued at $199,327,000 after purchasing an additional 502,349 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Royal Caribbean Cruises by 2.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock valued at $104,918,000 after purchasing an additional 13,520 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Royal Caribbean Cruises by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 569,890 shares of the company’s stock valued at $131,468,000 after purchasing an additional 18,868 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 58,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 19,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were 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 owns 185,021 shares in the company, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of a number of recent research reports. Citigroup boosted their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. The Goldman Sachs Group reduced their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Truist Financial boosted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Susquehanna reduced their price target on Royal Caribbean Cruises from $305.00 to $295.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.53.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $215.76 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The stock has a market capitalization of $58.07 billion, a PE ratio of 20.18, a P/E/G ratio of 0.90 and a beta of 2.53. The stock has a 50-day simple moving average of $240.00 and a 200 day simple moving average of $221.60.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 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 period in the previous year, the business posted $1.25 earnings per share. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its board has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be issued a $0.75 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 annualized dividend and a yield of 1.39%. Royal Caribbean Cruises’s dividend payout ratio is 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.