Virtu Financial LLC Has $1.17 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Virtu Financial LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 26.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,054 shares of the company’s stock after acquiring an additional 1,064 shares during the period. Virtu Financial LLC’s holdings in Royal Caribbean Cruises were worth $1,166,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Royal Caribbean Cruises by 2.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company’s stock valued at $470,000 after buying an additional 39 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 1.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company’s stock valued at $630,000 after buying an additional 42 shares during the period. Hemington Wealth Management lifted its position in Royal Caribbean Cruises by 9.0% in the 4th quarter. Hemington Wealth Management now owns 533 shares of the company’s stock valued at $123,000 after acquiring an additional 44 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Royal Caribbean Cruises by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company’s stock valued at $313,000 after acquiring an additional 47 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in Royal Caribbean Cruises by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total value of $15,193,100.00. Following the completion of the sale, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the transaction, the director now directly owns 185,021 shares in the company, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,492 shares of company stock worth $28,571,705. 7.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RCL shares. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays upped their target price on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Truist Financial upped their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $283.53.

Royal Caribbean Cruises Trading Up 0.5 %

RCL opened at $215.76 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $125.06 and a twelve month high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The company has a fifty day moving average of $240.00 and a 200-day moving average of $222.04. The stock has a market cap of $58.07 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises declared that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.39%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 7th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 28.06%.

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.