Asset Management One Co. Ltd. Acquires 18,352 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Asset Management One Co. Ltd. grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,081 shares of the company's stock after purchasing an additional 18,352 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Royal Caribbean Cruises worth $34,531,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $707,833,000. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after acquiring an additional 2,068,114 shares during the period. GAMMA Investing LLC grew its stake in shares of Royal Caribbean Cruises by 22,154.9% in the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after purchasing an additional 1,404,622 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Royal Caribbean Cruises by 3,544.4% during the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock valued at $222,166,000 after purchasing an additional 936,609 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Royal Caribbean Cruises by 24.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after purchasing an additional 513,702 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 1.4%

Shares of Royal Caribbean Cruises stock traded up $3.90 during trading on Wednesday, hitting $284.37. The stock had a trading volume of 2,784,554 shares, compared to its average volume of 2,538,798. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $285.75. The stock has a 50 day simple moving average of $242.76 and a 200 day simple moving average of $234.99. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $77.22 billion, a PE ratio of 23.62, a P/E/G ratio of 0.81 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $1.77 EPS. The company's revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.05%. Royal Caribbean Cruises's dividend payout ratio is 24.92%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director now directly owns 165,421 shares of the company's stock, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They set a "buy" rating and a $279.00 target price on the stock. UBS Group set a $311.00 price objective on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a report on Tuesday, May 20th. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Susquehanna dropped their target price on Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Finally, Macquarie decreased their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus price target of $276.90.

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.