USA Financial Formulas Acquires New Holdings in Royal Caribbean Cruises Ltd. $RCL

USA Financial Formulas bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,017 shares of the company’s stock, valued at approximately $653,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the 2nd quarter worth $31,000. 1 North Wealth Services LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth about $31,000. Evolution Wealth Management Inc. bought a new position in Royal Caribbean Cruises during the 2nd quarter worth about $31,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $32,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $293.94 on Friday. The firm has a market capitalization of $80.16 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 0.88 and a beta of 1.91. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average price is $276.56 and its two-hundred day moving average price is $305.27. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a $1.00 dividend. The ex-dividend date is Friday, December 26th. This represents a $4.00 annualized dividend and a yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays reduced their price objective on Royal Caribbean Cruises from $342.00 to $324.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, December 12th. Jefferies Financial Group decreased their target price on shares of Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Wells Fargo & Company cut their price target on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Finally, Susquehanna set a $350.00 price objective on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $324.82.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.