Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 577,201 shares of the company’s stock after selling 15,634 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Royal Caribbean Cruises were worth $74,742,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RCL. Capital World Investors lifted its holdings in Royal Caribbean Cruises by 1,314.9% in the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after buying an additional 2,564,035 shares in the last quarter. Norges Bank acquired a new position in Royal Caribbean Cruises in the 4th quarter worth $100,326,000. Vanguard Group Inc. lifted its holdings in Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after buying an additional 487,327 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Royal Caribbean Cruises by 476.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock worth $43,381,000 after buying an additional 389,095 shares in the last quarter. Finally, Ariel Investments LLC lifted its holdings in Royal Caribbean Cruises by 56.0% in the 1st quarter. Ariel Investments LLC now owns 1,022,510 shares of the company’s stock worth $85,666,000 after buying an additional 367,253 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.1 %

RCL stock opened at $127.97 on Thursday. Royal Caribbean Cruises Ltd. has a 12 month low of $59.37 and a 12 month high of $141.70. The firm has a market cap of $32.85 billion, a PE ratio of 20.57, a P/E/G ratio of 0.46 and a beta of 2.52. The firm has a 50 day simple moving average of $127.83 and a 200 day simple moving average of $115.46. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.12) EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on RCL. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a research report on Wednesday. They issued a “buy” rating and a $164.00 target price for the company. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $136.94.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is currently owned by insiders.

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.