Tokio Marine Asset Management Co. Ltd. Buys New Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Tokio Marine Asset Management invested approximately $1.68 million in Royal Caribbean Cruises by acquiring 8,174 shares during the first quarter of 2024.
• Royal Caribbean reported a quarterly earnings per share (EPS) of $4.38, surpassing the consensus estimate of $4.04, with a year-over-year revenue increase of 10.4%.
• Several analysts have recently adjusted their price targets for Royal Caribbean, with a consensus target of $323.10 and ratings indicating a moderate buy sentiment.

Tokio Marine Asset Management Co. Ltd. bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,174 shares of the company's stock, valued at approximately $1,679,000.

A number of other institutional investors have also recently bought and sold shares of RCL. Nuveen LLC purchased a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $358,614,000. GAMMA Investing LLC grew its holdings in 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 valued at $289,868,000 after purchasing an additional 1,404,622 shares during the period. Janus Henderson Group PLC grew its holdings in Royal Caribbean Cruises by 3,544.4% in 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. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after purchasing an additional 602,447 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RCL. Macquarie decreased their price objective on shares of 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. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus boosted 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. TD Cowen began 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 for the company. Finally, Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $323.10.

Royal Caribbean Cruises Stock Down 0.4%

Shares of NYSE RCL traded down $1.2190 during trading on Wednesday, reaching $328.8510. 1,883,330 shares of the stock were exchanged, compared to its average volume of 2,258,269. The business's 50-day moving average price is $316.25 and its 200 day moving average price is $259.88. Royal Caribbean Cruises Ltd. has a twelve month low of $154.08 and a twelve month high of $355.91. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $89.33 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.93 and a beta of 2.22.

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

Insider Activity at Royal Caribbean Cruises

In related 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 sale, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the director directly owned 150,291 shares in the company, valued at $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 31,507 shares of company stock valued at $10,091,282 over the last ninety days. Corporate insiders own 6.95% of the company's stock.

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.