Mitsubishi UFJ Trust & Banking Corp Sells 3,567 Shares of Royal Caribbean Cruises Ltd. $RCL

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,301 shares of the company’s stock after selling 3,567 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Royal Caribbean Cruises were worth $35,044,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RCL. 1 North Wealth Services LLC bought a new stake in Royal Caribbean Cruises during the second quarter worth about $31,000. Evolution Wealth Management Inc. acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $32,000. Financial Gravity Companies Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $38,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 27.1% in the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after buying an additional 29 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

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 shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the sale, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RCL. JPMorgan Chase & Co. lowered their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Barclays cut their target price on shares of Royal Caribbean Cruises from $342.00 to $324.00 and set an “overweight” rating for the company in a research note on Wednesday, December 17th. Finally, Bank of America boosted their price target on Royal Caribbean Cruises from $325.00 to $330.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. 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 data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $327.68.

Royal Caribbean Cruises Trading Up 0.2%

Shares of RCL stock opened at $286.18 on Monday. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50. The company has a market capitalization of $78.04 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.94. The firm has a 50 day moving average price of $277.02 and a two-hundred day moving average price of $304.93. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

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

Royal Caribbean Cruises announced that its board has initiated a share buyback plan on Wednesday, December 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Royal Caribbean Cruises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.