Norinchukin Bank The Has $2.14 Million Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Norinchukin Bank increased its holdings in Royal Caribbean Cruises Ltd. by 11.7%, acquiring an additional 1,091 shares to reach a total of 10,393 shares valued at approximately $2.13 million.
• Several large investors, including Financial Gravity Asset Management and Hughes Financial Services, have purchased stakes in Royal Caribbean Cruises recently, contributing to institutional investors owning 87.53% of the stock.
• Wall Street analysts have a positive outlook on RCL, with a consensus rating of "Moderate Buy" and a target price averaging around $327.14, following the company's strong earnings report that exceeded expectations.

Norinchukin Bank The grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,393 shares of the company's stock after purchasing an additional 1,091 shares during the quarter. Norinchukin Bank The's holdings in Royal Caribbean Cruises were worth $2,135,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $25,000. Hughes Financial Services LLC bought a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $26,000. Fourth Dimension Wealth LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $35,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $31,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $40,000. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares in the company, valued at approximately $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,507 shares of company stock worth $10,091,282 over the last ninety days. Insiders own 6.95% of the company's stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of several recent research reports. Truist Financial set a $337.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They set a "buy" rating and a $405.00 price objective on the stock. Bank of America lifted their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Macquarie reduced their price objective on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Stock Up 1.6%

Shares of Royal Caribbean Cruises stock traded up $5.78 on Wednesday, hitting $359.52. The company had a trading volume of 2,160,575 shares, compared to its average volume of 2,512,043. The firm has a market capitalization of $97.66 billion, a P/E ratio of 26.95, a P/E/G ratio of 0.97 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month high of $360.72. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The stock has a 50-day moving average of $322.60 and a 200-day moving average of $261.97.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The business's quarterly revenue was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

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.