Elyxium Wealth LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Elyxium Wealth LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,006 shares of the company's stock, valued at approximately $693,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ethic Inc. boosted its stake in shares of Royal Caribbean Cruises by 115.3% in the 4th quarter. Ethic Inc. now owns 9,272 shares of the company's stock worth $2,139,000 after buying an additional 4,965 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Royal Caribbean Cruises by 34.9% in the 4th quarter. Deutsche Bank AG now owns 784,338 shares of the company's stock worth $180,939,000 after buying an additional 202,756 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Royal Caribbean Cruises by 24.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock worth $612,080,000 after buying an additional 513,702 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 20.9% in the 4th quarter. EP Wealth Advisors LLC now owns 1,983 shares of the company's stock worth $458,000 after buying an additional 343 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Royal Caribbean Cruises by 8.3% in the 4th quarter. Cetera Investment Advisers now owns 61,937 shares of the company's stock worth $14,288,000 after buying an additional 4,770 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 58,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the transaction, the chief executive officer now owns 143,214 shares of the company's stock, valued at $37,514,907.30. This represents a 28.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura H. Bethge sold 14,992 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total value of $3,925,805.12. Following the completion of the transaction, the insider now directly owns 21,155 shares in the company, valued at approximately $5,539,648.30. This represents a 41.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. UBS Group increased their price objective on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They set a "hold" rating and a $230.00 price objective for the company. Macquarie reduced their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a report on Friday. Finally, Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $271.30.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $0.85 during trading on Friday, hitting $233.69. The stock had a trading volume of 1,140,333 shares, compared to its average volume of 2,303,457. The firm has a market cap of $63.46 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $277.08. The business's 50-day moving average is $208.59 and its 200 day moving average is $228.54. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

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

About Royal Caribbean Cruises

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.