Meiji Yasuda Asset Management Co Ltd. Invests $1.91 Million in Royal Caribbean Cruises Ltd. $RCL

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,002 shares of the company's stock, valued at approximately $1,906,000.

Other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. grew its position in shares of Royal Caribbean Cruises by 184.4% in the fourth quarter. Montag A & Associates Inc. now owns 91 shares of the company's stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Ares Financial Consulting LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. bought a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. bought a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $27,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $27,000. Institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RCL. TD Cowen reduced their price objective on Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating for the company in a research report on Friday, May 15th. Truist Financial cut their target price on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a "hold" rating for the company in a research note on Friday, May 22nd. Mizuho set a $380.00 price target on shares of Royal Caribbean Cruises in a report on Friday, May 1st. Freedom Capital downgraded shares of Royal Caribbean Cruises from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $353.40.

Royal Caribbean Cruises Stock Performance

RCL opened at $293.34 on Tuesday. The stock's 50 day simple moving average is $304.02 and its 200-day simple moving average is $291.20. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. The stock has a market cap of $78.45 billion, a PE ratio of 18.13, a P/E/G ratio of 1.00 and a beta of 1.77. Royal Caribbean Cruises Ltd. has a 1 year low of $232.10 and a 1 year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping analysts' consensus estimates of $3.98 by $0.23. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.38 earnings per share. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 12,811 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the sale, the chief executive officer directly owned 45,297 shares in the company, valued at approximately $14,313,399.03. The trade was a 22.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.44% of the company's stock.

About Royal Caribbean Cruises

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.

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