Lyell Wealth Management LP Has $330,000 Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lyell Wealth Management LP lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,067 shares of the company’s stock after buying an additional 167 shares during the quarter. Lyell Wealth Management LP’s holdings in Royal Caribbean Cruises were worth $330,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RCL. Envestnet Portfolio Solutions Inc. grew its position in shares of Royal Caribbean Cruises by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,162 shares of the company’s stock worth $668,000 after buying an additional 140 shares during the period. Foundations Investment Advisors LLC grew its holdings in Royal Caribbean Cruises by 10.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,766 shares of the company’s stock valued at $351,000 after purchasing an additional 265 shares during the period. Quadrant Capital Group LLC grew its holdings in Royal Caribbean Cruises by 19.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after purchasing an additional 285 shares during the period. ING Groep NV grew its holdings in Royal Caribbean Cruises by 294.2% during the fourth quarter. ING Groep NV now owns 32,273 shares of the company’s stock valued at $4,179,000 after purchasing an additional 24,086 shares during the period. Finally, Norges Bank acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $323,251,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.4 %

Shares of Royal Caribbean Cruises stock opened at $167.96 on Monday. The company has a market capitalization of $43.22 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.47 and a beta of 2.61. 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 Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37. The firm’s 50-day moving average price is $159.74 and its two-hundred day moving average price is $147.94.

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

Royal Caribbean Cruises Dividend Announcement

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

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RCL. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. The Goldman Sachs Group upped 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. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.13.

Royal Caribbean Cruises Company 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.