15,554 Shares in Royal Caribbean Cruises Ltd. $RCL Acquired by Chapin Davis Inc.

Chapin Davis Inc. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,554 shares of the company’s stock, valued at approximately $5,033,000. Royal Caribbean Cruises comprises about 1.2% of Chapin Davis Inc.’s portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 27.1% in the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. Prosperity Financial Group Inc. lifted its position in shares of Royal Caribbean Cruises by 0.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after buying an additional 32 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Royal Caribbean Cruises by 29.1% in the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock valued at $45,000 after buying an additional 32 shares in the last quarter. CX Institutional boosted its stake in Royal Caribbean Cruises by 1.4% in the second quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after buying an additional 34 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Royal Caribbean Cruises by 16.1% in the second quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock valued at $79,000 after acquiring an additional 35 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Trading Up 0.8%

Shares of NYSE RCL opened at $287.06 on Friday. The firm has a 50 day moving average price of $276.77 and a two-hundred day moving average price of $304.78. The stock has a market cap of $78.28 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.91. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. Royal Caribbean Cruises’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its board has authorized a share repurchase plan on Wednesday, December 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio is presently 26.90%.

Insider Activity

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.95% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on RCL. Truist Financial dropped their target price on shares of Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating for the company in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. The Goldman Sachs Group decreased their target price on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Finally, Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $324.82.

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.