Hanseatic Management Services Inc. Buys 59 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Hanseatic Management Services Inc. boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 550 shares of the company’s stock after purchasing an additional 59 shares during the period. Hanseatic Management Services Inc.’s holdings in Royal Caribbean Cruises were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RCL. Plato Investment Management Ltd purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $40,000. Finally, LRI Investments LLC purchased a new stake in Royal Caribbean Cruises during the third quarter valued at approximately $31,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL opened at $241.79 on Friday. The stock has a market capitalization of $65.01 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 0.48 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The company has a fifty day moving average of $237.34 and a 200 day moving average of $195.67.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the firm posted $3.85 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.91%. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 404,332 shares of company stock worth $94,299,521. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RCL. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial lifted their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 8th. Finally, Bank of America increased their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $246.50.

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.