Elo Mutual Pension Insurance Co Has $5.45 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Elo Mutual Pension Insurance Co raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,627 shares of the company's stock after purchasing an additional 2,045 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Royal Caribbean Cruises were worth $5,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of RCL. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Royal Caribbean Cruises by 8.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 387,437 shares of the company's stock worth $88,700,000 after acquiring an additional 31,814 shares during the period. Graney & King LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $69,000. Ausdal Financial Partners Inc. boosted its holdings in Royal Caribbean Cruises by 3.1% during the fourth quarter. Ausdal Financial Partners Inc. now owns 1,900 shares of the company's stock worth $438,000 after buying an additional 58 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Royal Caribbean Cruises by 1.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,639 shares of the company's stock worth $28,061,000 after buying an additional 2,240 shares during the period. Finally, Florida Financial Advisors LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $241,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RCL shares. UBS Group raised their price objective on Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. The Goldman Sachs Group cut their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Barclays increased their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Loop Capital raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price of $279.58.

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Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $256.68, for a total value of $5,005,260.00. Following the transaction, the director now owns 185,021 shares of the company's stock, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jason T. Liberty sold 58,000 shares of the company's 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 approximately $37,514,907.30. The trade was a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,492 shares of company stock valued at $28,571,705. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Up 0.7 %

Shares of RCL traded up $1.35 during mid-day trading on Tuesday, hitting $206.79. The company had a trading volume of 733,373 shares, compared to its average volume of 2,316,978. Royal Caribbean Cruises Ltd. has a 1-year low of $125.06 and a 1-year high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The business's 50-day simple moving average is $237.90 and its 200-day simple moving average is $224.44. The stock has a market cap of $55.65 billion, a PE ratio of 19.31, a P/E/G ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the previous year, the business earned $1.25 EPS. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, March 7th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. Royal Caribbean Cruises's payout ratio is 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Royal Caribbean Cruises 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.