USA Financial Formulas Sells 1,898 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

USA Financial Formulas trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,967 shares of the company's stock after selling 1,898 shares during the quarter. USA Financial Formulas' holdings in Royal Caribbean Cruises were worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D1 Capital Partners L.P. lifted its holdings in 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 worth $241,075,000 after buying an additional 777,103 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in Royal Caribbean Cruises in the second quarter worth $35,038,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company's stock valued at $27,601,000 after acquiring an additional 154,090 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Royal Caribbean Cruises by 138.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock valued at $28,703,000 after purchasing an additional 93,899 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RCL has been the subject of several research analyst reports. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Bank of America raised their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $243.25.

Insider Transactions at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the director now directly owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last quarter. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Down 0.1 %

Royal Caribbean Cruises stock traded down $0.32 during mid-day trading on Thursday, reaching $232.16. The stock had a trading volume of 749,264 shares, compared to its average volume of 1,899,761. The company has a market capitalization of $62.42 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 0.48 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. The company has a 50-day moving average price of $236.64 and a two-hundred day moving average price of $194.55.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business's revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.85 earnings per share. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

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

About Royal Caribbean Cruises

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.