Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,640 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,575 shares of the company's stock after purchasing an additional 2,640 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Royal Caribbean Cruises were worth $6,310,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth about $27,000. Versant Capital Management Inc raised its holdings in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company's stock worth $30,000 after acquiring an additional 172 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in Royal Caribbean Cruises by 108.7% in the second quarter. Prestige Wealth Management Group LLC now owns 288 shares of the company's stock worth $46,000 after purchasing an additional 150 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on RCL shares. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group boosted their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Truist Financial upped their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Barclays lifted their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Finally, StockNews.com upgraded Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a report on Tuesday, September 24th. Three research 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, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average target price of $189.06.

Royal Caribbean Cruises Trading Down 0.6 %

Royal Caribbean Cruises stock traded down $1.27 during trading hours on Friday, hitting $199.94. The company had a trading volume of 1,457,808 shares, compared to its average volume of 2,417,371. The firm has a market cap of $51.45 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.57 and a beta of 2.61. The company has a 50-day moving average price of $171.83 and a two-hundred day moving average price of $156.92. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $204.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The company 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%. Royal Caribbean Cruises's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises's payout ratio is currently 17.45%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares of the company's stock, valued at approximately $4,095,164.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company's stock, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises 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.