Vise Technologies Inc. Buys 3,312 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vise Technologies Inc. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 121.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,036 shares of the company's stock after buying an additional 3,312 shares during the period. Vise Technologies Inc.'s holdings in Royal Caribbean Cruises were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after buying an additional 99 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $36,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Royal Caribbean Cruises by 100.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock valued at $46,000 after buying an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $46,000. Institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the topic of several research reports. Citigroup upped their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Stifel Nicolaus lowered their price target on Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays increased their price target on Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Finally, Loop Capital upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $271.95.

Royal Caribbean Cruises Stock Up 6.5%

Shares of RCL stock traded up $15.53 on Tuesday, hitting $255.65. 2,726,497 shares of the stock were exchanged, compared to its average volume of 2,273,752. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $69.42 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. The business has a 50-day moving average of $215.93 and a 200 day moving average of $231.25. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Royal Caribbean Cruises's payout ratio is 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share 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 buy up to 1.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director now owns 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.95% of the company's stock.

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.