1,100 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Formidable Asset Management LLC

Formidable Asset Management LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,100 shares of the company's stock, valued at approximately $254,000.

Other large investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $35,000. Vise Technologies Inc. raised its position in Royal Caribbean Cruises by 121.6% in the 4th quarter. Vise Technologies Inc. now owns 6,036 shares of the company's stock valued at $1,392,000 after purchasing an additional 3,312 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Royal Caribbean Cruises by 95.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 9,912 shares of the company's stock worth $2,289,000 after purchasing an additional 4,850 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its holdings in Royal Caribbean Cruises by 173.9% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 5,024 shares of the company's stock worth $1,159,000 after acquiring an additional 3,190 shares during the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Royal Caribbean Cruises by 905.0% during the fourth quarter. McIlrath & Eck LLC now owns 201 shares of the company's stock valued at $46,000 after purchasing an additional 181 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Up 1.4%

Shares of RCL stock traded up $3.61 during trading on Thursday, reaching $254.41. The company's stock had a trading volume of 1,426,191 shares, compared to its average volume of 2,271,219. The company has a market cap of $69.09 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $277.08. The business has a fifty day moving average price of $217.45 and a 200-day moving average price of $231.55. 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 (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.18%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 24.92%.

Royal Caribbean Cruises announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group set a $311.00 target price on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Barclays upped their target price on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Loop Capital raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.95.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the sale, the director now owns 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.95% of the stock is currently owned by company 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.