Royal Caribbean Cruises Ltd. $RCL Stock Position Increased by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,191 shares of the company’s stock after purchasing an additional 1,808 shares during the period. Wealthfront Advisers LLC’s holdings in Royal Caribbean Cruises were worth $12,681,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Navellier & Associates Inc. grew its holdings in Royal Caribbean Cruises by 1.7% in the 3rd quarter. Navellier & Associates Inc. now owns 59,907 shares of the company’s stock worth $19,385,000 after buying an additional 1,024 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in Royal Caribbean Cruises by 8.9% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,642 shares of the company’s stock valued at $1,502,000 after acquiring an additional 381 shares in the last quarter. RFG Advisory LLC grew its stake in shares of Royal Caribbean Cruises by 6.1% in the third quarter. RFG Advisory LLC now owns 964 shares of the company’s stock worth $312,000 after purchasing an additional 55 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 13.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,888 shares of the company’s stock worth $611,000 after purchasing an additional 218 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Royal Caribbean Cruises by 75.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,729 shares of the company’s stock valued at $892,000 after purchasing an additional 1,177 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.2%

RCL stock opened at $347.24 on Wednesday. The firm has a market cap of $94.70 billion, a PE ratio of 22.24, a P/E/G ratio of 1.14 and a beta of 1.91. Royal Caribbean Cruises Ltd. has a 12 month low of $164.01 and a 12 month high of $366.50. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.18 and a quick ratio of 0.16. The firm has a 50 day simple moving average of $292.63 and a 200 day simple moving average of $303.18.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.80. Royal Caribbean Cruises had a net margin of 23.80% and a return on equity of 45.06%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 6th. Royal Caribbean Cruises’s payout ratio is presently 25.62%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share buyback program on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RCL. Truist Financial decreased their target price on shares of Royal Caribbean Cruises from $321.00 to $318.00 and set a “hold” rating for the company in a research report on Thursday, January 22nd. Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $415.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group increased their price objective on shares of Royal Caribbean Cruises from $275.00 to $334.00 and gave the company a “hold” rating in a report on Friday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $368.00 to $371.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Finally, UBS Group dropped their target price on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $348.29.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.