Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,234 shares of the company’s stock after buying an additional 1,354 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Royal Caribbean Cruises worth $19,504,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $33,000. Finally, West Branch Capital LLC lifted its position in shares of Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Up 2.5 %

Shares of RCL stock traded up $4.10 on Friday, hitting $168.29. The stock had a trading volume of 1,505,646 shares, compared to its average volume of 1,984,951. The firm has a market cap of $43.31 billion, a P/E ratio of 21.69, a PEG ratio of 0.51 and a beta of 2.62. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $172.64. The company has a fifty day moving average price of $154.28 and a two-hundred day moving average price of $137.53.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the business earned ($0.23) EPS. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RCL shares. Stifel Nicolaus boosted their target price 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 boosted 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. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Mizuho boosted their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

Insider Activity

In other news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, 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 transaction, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was 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 owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,884 shares of company stock valued at $22,052,985. 7.95% of the stock is owned by company insiders.

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.