14,874 Royal Caribbean Cruises Ltd. $RCL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 534,448 shares of the company’s stock after selling 14,874 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Royal Caribbean Cruises were worth $142,088,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. 55 North Private Wealth LLC lifted its stake in shares of Royal Caribbean Cruises by 4.2% in the third quarter. 55 North Private Wealth LLC now owns 890 shares of the company’s stock worth $237,000 after buying an additional 36 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Royal Caribbean Cruises by 1.5% during the second quarter. D.A. Davidson & CO. now owns 2,647 shares of the company’s stock valued at $841,000 after buying an additional 40 shares during the last quarter. Commonwealth Financial Services LLC grew its holdings in shares of Royal Caribbean Cruises by 4.1% during the first quarter. Commonwealth Financial Services LLC now owns 1,171 shares of the company’s stock valued at $322,000 after buying an additional 46 shares during the last quarter. Platform Technology Partners grew its holdings in shares of Royal Caribbean Cruises by 4.9% during the second quarter. Platform Technology Partners now owns 982 shares of the company’s stock valued at $312,000 after buying an additional 46 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Royal Caribbean Cruises by 6.1% during the second quarter. Angeles Wealth Management LLC now owns 854 shares of the company’s stock valued at $272,000 after acquiring an additional 49 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Montiel sold 400 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $307.21, for a total transaction of $122,884.00. Following the completion of the transaction, the director directly owned 13,202 shares of the company’s stock, valued at $4,055,786.42. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.44% of the stock is owned by insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $321.06 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $222.22 and a fifty-two week high of $356.39. The business has a 50-day simple moving average of $272.51 and a two-hundred day simple moving average of $286.91. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.19 and a current ratio of 0.22. The firm has a market cap of $85.87 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.04 and a beta of 1.82.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.38 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.75 EPS. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises’s payout ratio is presently 35.52%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RCL. Loop Capital raised their price target on shares of Royal Caribbean Cruises from $304.00 to $327.00 in a research report on Wednesday, July 29th. Northcoast Research lowered their price objective on Royal Caribbean Cruises from $368.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Citigroup upped their price objective on Royal Caribbean Cruises from $362.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. TD Cowen increased their target price on Royal Caribbean Cruises from $337.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, Argus lifted their target price on Royal Caribbean Cruises from $330.00 to $375.00 in a report on Tuesday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $355.62.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.