Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 284,067 shares of the company’s stock after purchasing an additional 44,236 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Royal Caribbean Cruises worth $39,488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Kowal Investment Group LLC boosted its stake in Royal Caribbean Cruises by 4.0% in the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after acquiring an additional 87 shares during the period. West Branch Capital LLC increased its position in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares during the period. Toth Financial Advisory Corp lifted its stake in Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Royal Caribbean Cruises by 11.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after buying an additional 107 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Royal Caribbean Cruises by 2.7% during the first quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock worth $598,000 after acquiring an additional 115 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. Fain sold 19,584 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The disclosure for this sale can be found here. Insiders sold 152,884 shares of company stock worth $22,052,985 over the last three months. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock traded up $3.89 during midday trading on Friday, hitting $168.08. The company had a trading volume of 606,513 shares, compared to its average volume of 2,487,646. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $172.64. The business’s 50 day simple moving average is $153.74 and its two-hundred day simple moving average is $137.14. The stock has a market cap of $43.26 billion, a PE ratio of 21.68, a P/E/G ratio of 0.50 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. Royal Caribbean Cruises’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RCL shares. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. UBS Group increased their price objective on Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Argus boosted their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

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.