Elevation Point Wealth Partners LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,579 shares of the company’s stock after purchasing an additional 4,315 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Royal Caribbean Cruises were worth $5,415,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the business. Montag A & Associates Inc. increased its position in Royal Caribbean Cruises by 184.4% in the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Ares Financial Consulting LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Quattro Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $27,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $27,000. Institutional investors own 87.53% of the company’s stock.
Royal Caribbean Cruises Trading Up 0.1%
RCL opened at $296.60 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market cap of $79.55 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The firm has a 50 day simple moving average of $282.81 and a 200 day simple moving average of $289.12. Royal Caribbean Cruises Ltd. has a fifty-two week low of $232.10 and a fifty-two week high of $366.50.
Royal Caribbean Cruises Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 3rd were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. Royal Caribbean Cruises’s payout ratio is 36.61%.
Analyst Ratings Changes
RCL has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $360.00 to $361.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Freedom Capital upgraded Royal Caribbean Cruises to a “strong-buy” rating in a research report on Wednesday, June 3rd. Barclays lowered their target price on Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Zacks Research upgraded Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. Finally, Truist Financial cut their price target on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $345.58.
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.
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