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

Dai ichi Life Insurance Company Ltd decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 44.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,796 shares of the company’s stock after selling 7,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Royal Caribbean Cruises were worth $1,560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCL. FSM Wealth Advisors LLC boosted its holdings in Royal Caribbean Cruises by 3.2% during the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after purchasing an additional 51 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Royal Caribbean Cruises by 20.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock worth $63,000 after buying an additional 61 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Royal Caribbean Cruises by 4.8% in the 3rd quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after acquiring an additional 62 shares in the last quarter. Empower Advisory Group LLC increased its position in shares of Royal Caribbean Cruises by 3.7% in the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock valued at $311,000 after acquiring an additional 63 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. increased its position in shares of Royal Caribbean Cruises by 3.3% in the third quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock valued at $390,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays raised their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Macquarie raised their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of RCL stock opened at $241.62 on Thursday. The stock has a market cap of $64.97 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $105.36 and a 1 year high of $245.91. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The stock has a 50 day simple moving average of $205.42 and a 200 day simple moving average of $173.61.

Royal Caribbean Cruises (NYSE:RCL) last released its 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. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the firm posted $3.85 EPS. Royal Caribbean Cruises’s quarterly revenue was up 17.5% on a year-over-year basis. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 currently owned by company insiders.

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.