Avanza Fonder AB Has $5.53 Million Position in Royal Caribbean Cruises Ltd. $RCL

Avanza Fonder AB grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,828 shares of the company’s stock after buying an additional 2,247 shares during the period. Avanza Fonder AB’s holdings in Royal Caribbean Cruises were worth $5,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Diversified Trust Co. lifted its stake in shares of Royal Caribbean Cruises by 4.2% in the fourth quarter. Diversified Trust Co. now owns 918 shares of the company’s stock worth $256,000 after acquiring an additional 37 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Royal Caribbean Cruises by 6.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 1,190 shares of the company’s stock worth $332,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC bought a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $690,000. Fulton Bank N.A. lifted its position in shares of Royal Caribbean Cruises by 2.2% in the 4th quarter. Fulton Bank N.A. now owns 5,405 shares of the company’s stock worth $1,508,000 after purchasing an additional 115 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Royal Caribbean Cruises by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,210 shares of the company’s stock worth $5,747,000 after purchasing an additional 85 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 245,476 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $311.54, for a total transaction of $76,475,593.04. Following the completion of the transaction, the director owned 16,435,910 shares in the company, valued at $5,120,443,401.40. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maritza Gomez Montiel sold 1,385 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $327.18, for a total transaction of $453,144.30. Following the completion of the transaction, the director owned 12,849 shares of the company’s stock, valued at $4,203,935.82. This represents a 9.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,967,319 shares of company stock worth $626,681,935. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 5.7%

RCL opened at $278.68 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The firm has a market capitalization of $75.39 billion, a P/E ratio of 17.85, a PEG ratio of 0.86 and a beta of 1.87. The company’s 50-day moving average is $301.06 and its 200 day moving average is $296.12. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.18 and a quick ratio of 0.16.

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

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

Royal Caribbean Cruises Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RCL shares. Mizuho set a $379.00 target price on shares of Royal Caribbean Cruises in a report on Friday, January 30th. Tigress Financial increased their price target on Royal Caribbean Cruises from $415.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 26th. Truist Financial dropped their price objective on Royal Caribbean Cruises from $321.00 to $318.00 and set a “hold” rating on the stock in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group upped their target price on Royal Caribbean Cruises from $310.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, January 30th. 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 MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $348.52.

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.