5,458 Shares in Royal Caribbean Cruises Ltd. $RCL Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,458 shares of the company’s stock, valued at approximately $1,765,000.

A number of other large investors have also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $31,000. Evolution Wealth Management Inc. bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $31,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $32,000. Financial Gravity Companies Inc. bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $38,000. Finally, Frazier Financial Advisors LLC boosted its position in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Down 0.9%

Shares of NYSE:RCL opened at $290.62 on Wednesday. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The company has a market capitalization of $79.26 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94. The company has a 50-day simple moving average of $278.73 and a 200 day simple moving average of $304.25.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the company earned $5.20 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 26th. Royal Caribbean Cruises’s payout ratio is 26.90%.

Royal Caribbean Cruises declared that its board has authorized a stock buyback plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Royal Caribbean Cruises in a report on Friday, December 26th. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Citigroup reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, January 14th. The Goldman Sachs Group raised their price objective on Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America upped their target price on Royal Caribbean Cruises from $325.00 to $330.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.68.

Insider Activity at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is currently owned by corporate insiders.

About Royal Caribbean Cruises

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.