Meiji Yasuda Asset Management Co Ltd. Lowers Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,367 shares of the company’s stock after selling 150 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Royal Caribbean Cruises were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RCL. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth about $26,000. AlphaMark Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity

In related news, CFO Naftali Holtz acquired 5,350 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on RCL shares. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Argus upped their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group lifted their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Finally, Morgan Stanley lifted their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.31.

Royal Caribbean Cruises Trading Up 1.4 %

RCL opened at $173.99 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $174.48. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The business has a 50 day simple moving average of $160.46 and a two-hundred day simple moving average of $149.22. The firm has a market capitalization of $44.78 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.49 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th.

Royal Caribbean Cruises Company 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.