Fieldview Capital Management LLC Purchases Shares of 7,615 Royal Caribbean Cruises Ltd. $RCL

Fieldview Capital Management LLC purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,615 shares of the company’s stock, valued at approximately $2,464,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $31,000. GGM Financials LLC purchased a new stake in Royal Caribbean Cruises in the third quarter worth approximately $33,000. Financial Gravity Companies Inc. bought a new position in Royal Caribbean Cruises during the second quarter valued at approximately $38,000. Dogwood Wealth Management LLC raised its stake in shares of Royal Caribbean Cruises by 318.8% during the third quarter. Dogwood Wealth Management LLC now owns 134 shares of the company’s stock worth $43,000 after acquiring an additional 102 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Royal Caribbean Cruises by 38.1% during the third quarter. Physician Wealth Advisors Inc. now owns 214 shares of the company’s stock worth $69,000 after acquiring an additional 59 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 1.7%

Shares of Royal Caribbean Cruises stock opened at $278.32 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.16 and a current ratio of 0.18. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company’s 50 day moving average price is $304.23 and its 200-day moving average price is $302.08. The stock has a market capitalization of $75.29 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 0.91 and a beta of 1.87.

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

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.50 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $1.00. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 38.44%.

Royal Caribbean Cruises declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RCL. Mizuho set a $379.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, January 30th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $380.00 target price on shares of Royal Caribbean Cruises in a research report on Friday, January 30th. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $290.00 to $330.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. TD Cowen reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, January 13th. Finally, William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $348.29.

Insider Buying and Selling

In related news, insider Laura H. Bethge sold 7,854 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $326.21, for a total value of $2,562,053.34. Following the sale, the insider directly owned 32,786 shares of the company’s stock, valued at $10,695,121.06. This trade represents a 19.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arne Alexander Wilhelmsen sold 245,476 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $311.54, for a total value of $76,475,593.04. Following the transaction, the director owned 16,435,910 shares in the company, valued at approximately $5,120,443,401.40. This represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,967,319 shares of company stock valued at $626,681,935 over the last ninety days. 6.95% of the stock is owned by insiders.

About Royal Caribbean Cruises

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.