Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Royal Caribbean Cruises Ltd. $RCL

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 479,224 shares of the company’s stock after buying an additional 31,613 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $150,064,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in Royal Caribbean Cruises by 9.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,564 shares of the company’s stock valued at $490,000 after acquiring an additional 134 shares during the period. Freemont Management S.A. raised its holdings in shares of Royal Caribbean Cruises by 29.9% during the second quarter. Freemont Management S.A. now owns 8,700 shares of the company’s stock valued at $2,724,000 after purchasing an additional 2,000 shares during the last quarter. Keystone Financial Services bought a new position in Royal Caribbean Cruises during the second quarter valued at approximately $221,000. Aviva PLC boosted its holdings in Royal Caribbean Cruises by 7.5% in the second quarter. Aviva PLC now owns 191,065 shares of the company’s stock worth $59,830,000 after purchasing an additional 13,325 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Royal Caribbean Cruises by 7,488.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 88,478 shares of the company’s stock worth $27,706,000 after purchasing an additional 87,312 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RCL shares. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Barclays reduced their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Stifel Nicolaus cut their price target on Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. 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 issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.86.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $256.12 on Friday. The business’s fifty day moving average is $315.95 and its 200 day moving average is $299.48. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. The company has a market capitalization of $69.85 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the prior year, the business posted $5.20 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Insider Activity at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares of the company’s stock, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 1,100 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director owned 14,234 shares in the company, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.95% of the stock is owned by insiders.

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.