Maia Wealth LLC Has $255,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Maia Wealth LLC raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2,669.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,080 shares of the company's stock after buying an additional 1,041 shares during the period. Maia Wealth LLC's holdings in Royal Caribbean Cruises were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises in the third quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $27,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $36,000. ORG Wealth Partners LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $40,000. Finally, LRI Investments LLC bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at $31,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of RCL traded down $5.39 during trading hours on Monday, hitting $240.71. 2,413,398 shares of the company were exchanged, compared to its average volume of 2,505,302. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a fifty-two week low of $124.24 and a fifty-two week high of $277.08. The company has a market cap of $64.78 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 0.90 and a beta of 2.59. The firm's fifty day moving average is $244.74 and its 200 day moving average is $216.35.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping 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 prior year, the business earned $1.25 EPS. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a yield of 1.25%. Royal Caribbean Cruises's dividend payout ratio is presently 28.06%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the sale, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the transaction, the director now owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. This represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RCL shares. Bank of America increased their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Argus boosted their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their price objective on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Four 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 a consensus rating of "Moderate Buy" and a consensus price target of $284.12.

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.