USA Financial Formulas Has $679,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

USA Financial Formulas reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 33.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,304 shares of the company's stock after selling 1,663 shares during the period. USA Financial Formulas' holdings in Royal Caribbean Cruises were worth $679,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors boosted its stake in shares of Royal Caribbean Cruises by 0.9% during the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after purchasing an additional 278,860 shares during the last quarter. Vanguard Group Inc. boosted its position 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after acquiring an additional 353,893 shares during the last quarter. Norges Bank acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of 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 worth $612,080,000 after acquiring an additional 513,702 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

Shares of RCL traded down $2.43 during midday trading on Thursday, hitting $265.53. 1,511,961 shares of the stock traded hands, compared to its average volume of 2,287,472. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $279.89. The firm has a market capitalization of $72.11 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 0.90 and a beta of 2.14. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The business's 50 day moving average price is $230.76 and its two-hundred day moving average price is $233.88.

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

Royal Caribbean Cruises announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Dividend Announcement

The business 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 annualized dividend and a yield of 1.13%. Royal Caribbean Cruises's payout ratio is currently 24.92%.

Insider Buying and Selling

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 value 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. Corporate insiders own 6.95% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on RCL. Susquehanna decreased their target price on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. UBS Group set a $311.00 price objective on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an "outperform" rating and a $262.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Loop Capital restated a "buy" rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $276.90.

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.