Sumitomo Mitsui DS Asset Management Company Ltd Sells 916 Shares of Royal Caribbean Cruises Ltd. $RCL

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 35,035 shares of the company’s stock after selling 916 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Royal Caribbean Cruises were worth $10,971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RCL. Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp raised its position in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after purchasing an additional 535,043 shares during the last quarter. Nuveen LLC bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $358,614,000. GAMMA Investing LLC raised its position in shares of Royal Caribbean Cruises by 22,154.9% during the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company’s stock valued at $289,868,000 after acquiring an additional 1,404,622 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Royal Caribbean Cruises by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock valued at $273,786,000 after acquiring an additional 59,743 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group upped their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Jefferies Financial Group upped their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Loop Capital reiterated a “buy” rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, Susquehanna reiterated a “positive” rating and issued a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.14.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $325.86 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $88.51 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 0.91 and a beta of 2.12. The firm’s 50 day simple moving average is $336.38 and its 200 day simple moving average is $273.21. 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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Thursday, September 25th will be given a $1.00 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 22.49%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock worth $10,091,282 over the last quarter. Corporate insiders own 6.95% of the company’s stock.

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.