Daiwa Securities Group Inc. Has $4.19 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Daiwa Securities Group Inc. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,303 shares of the company’s stock after buying an additional 2,356 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Royal Caribbean Cruises were worth $4,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Andra AP fonden acquired a new position in Royal Caribbean Cruises in the second quarter worth about $14,189,000. Royal London Asset Management Ltd. raised its holdings in shares of Royal Caribbean Cruises by 10.1% in the 2nd quarter. Royal London Asset Management Ltd. now owns 87,741 shares of the company’s stock worth $13,989,000 after buying an additional 8,050 shares in the last quarter. Choreo LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $1,234,000. Wedbush Securities Inc. lifted its position in shares of Royal Caribbean Cruises by 6.6% during the 2nd quarter. Wedbush Securities Inc. now owns 6,402 shares of the company’s stock worth $1,021,000 after buying an additional 396 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $58,000. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Trading Up 2.1 %

RCL opened at $165.57 on Friday. The firm has a 50 day simple moving average of $159.52 and a 200 day simple moving average of $147.26. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.37. The company has a market cap of $42.61 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 0.45 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.62%.

Analysts Set New Price Targets

A number of research analysts have issued reports on RCL shares. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Argus raised their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. 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. Finally, The Goldman Sachs Group raised their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

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.