Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by USA Financial Formulas

USA Financial Formulas decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 27.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,967 shares of the company’s stock after selling 1,898 shares during the period. USA Financial Formulas’ holdings in Royal Caribbean Cruises were worth $1,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D1 Capital Partners L.P. raised its stake in shares of Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after acquiring an additional 777,103 shares during the period. International Assets Investment Management LLC lifted its position in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Forest Avenue Capital Management LP acquired a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $35,038,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Royal Caribbean Cruises by 809.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock worth $27,601,000 after acquiring an additional 154,090 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in Royal Caribbean Cruises by 138.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after acquiring an additional 93,899 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $232.51 on Thursday. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The company has a market cap of $62.52 billion, a PE ratio of 23.90, a P/E/G ratio of 0.48 and a beta of 2.59. The stock has a 50 day simple moving average of $236.64 and a 200-day simple moving average of $194.55. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 EPS. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.95%. Royal Caribbean Cruises’s payout ratio is 22.61%.

Analysts Set New Price Targets

A number of research firms have recently commented on RCL. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley raised their price target on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 8th. Barclays upped their target price on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.25.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by corporate insiders.

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.