Lebenthal Global Advisors LLC Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lebenthal Global Advisors LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,195 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently made changes to their positions in RCL. Plato Investment Management Ltd purchased a new position in Royal Caribbean Cruises in the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises in the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. grew its stake in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. LRI Investments LLC purchased a new stake in Royal Caribbean Cruises during the 3rd quarter worth about $31,000. Finally, ORG Wealth Partners LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the subject of a number of analyst reports. Citigroup boosted their price objective on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a report on Monday. Sanford C. Bernstein started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Finally, Morgan Stanley raised their price target on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.31.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock worth $87,647,208 in the last quarter. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $264.71 on Wednesday. The stock has a market cap of $71.17 billion, a P/E ratio of 27.21, a P/E/G ratio of 0.50 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $269.96. The stock has a 50 day moving average of $237.87 and a two-hundred day moving average of $199.52. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same period in the prior year, the business posted $1.25 earnings per share. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 22.61%.

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.