Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Position Boosted by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 121.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,036 shares of the company's stock after purchasing an additional 3,312 shares during the quarter. Vise Technologies Inc.'s holdings in Royal Caribbean Cruises were worth $1,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RCL. Capital International Investors increased its stake in shares of Royal Caribbean Cruises by 0.9% in the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after acquiring an additional 278,860 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after acquiring an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after buying an additional 353,893 shares during the period. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Royal Caribbean Cruises by 24.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after purchasing an additional 513,702 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, 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 can be accessed through this link. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Performance

RCL stock traded up $2.64 during trading on Thursday, hitting $253.44. 512,040 shares of the company's stock traded hands, compared to its average volume of 2,267,677. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The stock has a fifty day moving average price of $217.45 and a two-hundred day moving average price of $231.55. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $277.08. The stock has a market capitalization of $68.82 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.18%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Wall Street Analysts Forecast Growth

RCL has been the subject of several research analyst reports. Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Macquarie dropped their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Jefferies Financial Group started coverage on shares of Royal Caribbean Cruises in a report on Monday, March 31st. They set a "hold" rating and a $230.00 price objective on the stock. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Finally, Northcoast Research started coverage on Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective for the company. Four 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, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.95.

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.