McIlrath & Eck LLC Acquires 181 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

McIlrath & Eck LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 905.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 201 shares of the company’s stock after purchasing an additional 181 shares during the quarter. McIlrath & Eck LLC’s holdings in Royal Caribbean Cruises were worth $46,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RCL. Brown Brothers Harriman & Co. raised its stake in Royal Caribbean Cruises by 618.8% during 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 during the fourth quarter valued at $36,000. Truvestments Capital LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $36,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of Royal Caribbean Cruises by 100.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company’s stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth about $46,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL opened at $237.77 on Thursday. The company’s 50 day moving average is $214.31 and its 200 day moving average is $230.60. 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 company has a market cap of $64.57 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping 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 business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the firm earned $1.77 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.26%. Royal Caribbean Cruises’s dividend payout ratio is presently 24.92%.

Insiders Place Their Bets

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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RCL shares. Loop Capital upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, March 5th. Argus raised their price target on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Mizuho restated an “outperform” rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Melius Research upgraded Royal Caribbean Cruises to a “strong-buy” rating in a research note on Monday, April 21st. Finally, Macquarie reduced their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.