Deutsche Bank AG Buys 202,756 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Deutsche Bank AG increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 784,338 shares of the company’s stock after purchasing an additional 202,756 shares during the period. Deutsche Bank AG owned 0.29% of Royal Caribbean Cruises worth $180,939,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares during the period. Bay Harbor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $36,000. ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth $40,000. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in Royal Caribbean Cruises by 100.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company’s stock worth $46,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.4 %

Shares of NYSE:RCL opened at $233.69 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $277.08. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The stock has a fifty day simple moving average of $208.59 and a two-hundred day simple moving average of $228.17. The stock has a market capitalization of $63.46 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 0.90 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. Royal Caribbean Cruises’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $1.77 EPS. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.28%. Royal Caribbean Cruises’s payout ratio is 24.92%.

Royal Caribbean Cruises declared that its board has initiated a share repurchase program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on RCL shares. Barclays boosted their price objective on Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. UBS Group increased their target price on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. BNP Paribas started coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They issued an “outperform” rating and a $262.00 target price for the company. Melius Research upgraded shares of Royal Caribbean Cruises to a “strong-buy” rating in a research report on Monday, April 21st. Finally, Macquarie lowered their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $271.30.

Insiders Place Their Bets

In other news, insider Laura H. Bethge sold 14,992 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares in the company, valued at $5,539,648.30. This trade represents a 41.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard D. Fain sold 19,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $256.68, for a total value of $5,005,260.00. Following the completion of the transaction, the director now directly owns 185,021 shares in the company, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by insiders.

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.