Lyell Wealth Management LP Acquires 167 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lyell Wealth Management LP grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,067 shares of the company’s stock after acquiring an additional 167 shares during the period. Lyell Wealth Management LP’s holdings in Royal Caribbean Cruises were worth $330,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RCL. Norges Bank bought a new stake in Royal Caribbean Cruises in the fourth quarter worth approximately $323,251,000. Eagle Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $79,392,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth $66,279,000. Junto Capital Management LP bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $47,950,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock worth $3,273,144,000 after buying an additional 359,770 shares during the period. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Up 1.4 %

Shares of RCL stock opened at $167.96 on Monday. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37. The company has a market capitalization of $43.22 billion, a P/E ratio of 21.64, a P/E/G ratio of 0.47 and a beta of 2.61. The firm has a 50-day moving average price of $159.74 and a 200 day moving average price of $147.94. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th.

Analyst Ratings Changes

Several research firms recently issued reports on RCL. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group increased their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Truist Financial increased their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.13.

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.