Dai ichi Life Insurance Company Ltd Has $1.56 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dai ichi Life Insurance Company Ltd lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 44.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,796 shares of the company’s stock after selling 7,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Royal Caribbean Cruises were worth $1,560,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Royal Caribbean Cruises by 19.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after purchasing an additional 779 shares in the last quarter. Atria Investments Inc bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth about $1,190,000. Cetera Investment Advisers lifted its holdings in shares of Royal Caribbean Cruises by 162.4% during the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after acquiring an additional 29,854 shares during the period. Cetera Advisors LLC increased its stake in Royal Caribbean Cruises by 51.6% in the first quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock valued at $1,617,000 after acquiring an additional 3,958 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Royal Caribbean Cruises by 45.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 49,649 shares of the company’s stock valued at $6,951,000 after acquiring an additional 15,514 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 in the last ninety days. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of NYSE RCL opened at $241.62 on Thursday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $105.36 and a fifty-two week high of $245.91. The firm has a market capitalization of $64.97 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.63 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company’s 50 day simple moving average is $205.42 and its 200 day simple moving average is $173.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $3.85 EPS. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Analyst Upgrades and Downgrades

RCL has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Macquarie increased their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup upped their target price on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, UBS Group boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises 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.