Mitsubishi UFJ Trust & Banking Corp Sells 9,772 Shares of Royal Caribbean Cruises Ltd. $RCL

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,868 shares of the company’s stock after selling 9,772 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Royal Caribbean Cruises were worth $35,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCL. Nuveen LLC bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth approximately $358,614,000. Vanguard Group Inc. boosted its stake in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after acquiring an additional 602,447 shares in the last quarter. Bessemer Group Inc. grew its holdings in Royal Caribbean Cruises by 7,971.4% in the second quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock worth $169,165,000 after purchasing an additional 533,529 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Royal Caribbean Cruises by 179.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock worth $132,550,000 after purchasing an additional 414,100 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Royal Caribbean Cruises by 112.9% during the first quarter. Ameriprise Financial Inc. now owns 566,273 shares of the company’s stock worth $116,396,000 after purchasing an additional 300,232 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL opened at $255.43 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The firm has a 50 day moving average of $308.26 and a two-hundred day moving average of $300.29. The firm has a market capitalization of $69.66 billion, a PE ratio of 17.18, a P/E/G ratio of 0.84 and a beta of 2.04.

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

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Analyst Ratings Changes

Several brokerages recently issued reports on RCL. Bank of America upped their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. Truist Financial lowered their target price on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research note on Friday, September 19th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $324.64.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was 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 owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.95% of the stock is currently 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.