Pinkerton Wealth LLC Boosts Holdings in Royal Caribbean Cruises Ltd. $RCL

Pinkerton Wealth LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 235.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,404 shares of the company’s stock after buying an additional 6,598 shares during the period. Pinkerton Wealth LLC’s holdings in Royal Caribbean Cruises were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in Royal Caribbean Cruises by 6.4% in the third quarter. Versant Capital Management Inc now owns 562 shares of the company’s stock worth $182,000 after acquiring an additional 34 shares during the period. EWA LLC raised its position in Royal Caribbean Cruises by 4.6% in the third quarter. EWA LLC now owns 794 shares of the company’s stock valued at $257,000 after purchasing an additional 35 shares during the period. Rakuten Securities Inc. raised its position in Royal Caribbean Cruises by 16.1% in the second quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock valued at $79,000 after purchasing an additional 35 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 1.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,823 shares of the company’s stock valued at $1,197,000 after purchasing an additional 39 shares during the last quarter. Finally, AA Financial Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 1.5% in the 3rd quarter. AA Financial Advisors LLC now owns 2,683 shares of the company’s stock valued at $868,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RCL shares. Truist Financial cut their price objective on Royal Caribbean Cruises from $321.00 to $318.00 and set a “hold” rating for the company in a research report on Thursday, January 22nd. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $415.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Jefferies Financial Group increased their target price on shares of Royal Caribbean Cruises from $275.00 to $334.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Morgan Stanley lifted 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. Finally, Barclays boosted their price target on shares of Royal Caribbean Cruises from $324.00 to $361.00 and gave the company an “overweight” rating in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $348.29.

Royal Caribbean Cruises Trading Up 4.6%

NYSE:RCL opened at $290.96 on Tuesday. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The firm has a market cap of $78.71 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.87. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average price of $304.40 and a 200 day moving average price of $301.83.

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

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.1%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is 38.44%.

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

Insider Activity at Royal Caribbean Cruises

In related news, 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 value of $453,144.30. Following the completion of the transaction, the director owned 12,849 shares in the company, valued at $4,203,935.82. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 245,476 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $311.54, for a total transaction of $76,475,593.04. Following the transaction, the director owned 16,435,910 shares of the company’s stock, valued at $5,120,443,401.40. This trade represents a 1.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,967,319 shares of company stock valued at $626,681,935 over the last 90 days. 6.95% of the stock is owned by corporate insiders.

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.