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

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,722 shares of the company’s stock after selling 8,479 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.22% of Royal Caribbean Cruises worth $79,058,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors raised its position in shares of Royal Caribbean Cruises by 1.2% during the 4th quarter. Capital International Investors now owns 29,309,587 shares of the company’s stock worth $3,795,368,000 after acquiring an additional 351,747 shares in the last quarter. Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock worth $3,273,144,000 after purchasing an additional 359,770 shares in the last quarter. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $323,251,000. Swiss National Bank grew its position in shares of Royal Caribbean Cruises by 2.8% in the 4th quarter. Swiss National Bank now owns 760,938 shares of the company’s stock valued at $98,534,000 after buying an additional 20,600 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Royal Caribbean Cruises by 15.4% during the 4th quarter. Federated Hermes Inc. now owns 639,348 shares of the company’s stock worth $82,789,000 after acquiring an additional 85,545 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was 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 in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Insiders have sold a total of 152,884 shares of company stock valued at $22,052,985 in the last ninety days. 7.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho upped their price objective 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. Macquarie raised their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Bank of America raised their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Argus upped their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.13.

View Our Latest Stock Report on Royal Caribbean Cruises

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $155.38 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The stock’s 50 day moving average is $148.65 and its two-hundred day moving average is $134.40. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $162.50. The firm has a market capitalization of $39.99 billion, a PE ratio of 20.02, a P/E/G ratio of 0.47 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned ($0.23) EPS. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.1 earnings per share for the current year.

Royal Caribbean Cruises Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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