Cookson Peirce & Co. Inc. Purchases Shares of 6,525 Royal Caribbean Cruises Ltd. (RCL)

Cookson Peirce & Co. Inc. purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,525 shares of the company’s stock, valued at approximately $713,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after buying an additional 673,608 shares during the period. BlackRock Inc. boosted its holdings in shares of Royal Caribbean Cruises by 2.5% in the 2nd quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after buying an additional 258,958 shares during the period. State Street Corp boosted its holdings in shares of Royal Caribbean Cruises by 3.3% in the 1st quarter. State Street Corp now owns 7,057,591 shares of the company’s stock valued at $692,420,000 after buying an additional 223,444 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Royal Caribbean Cruises by 11.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,911,924 shares of the company’s stock valued at $285,711,000 after buying an additional 290,536 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Royal Caribbean Cruises by 10.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 908,086 shares of the company’s stock valued at $99,190,000 after buying an additional 89,564 shares during the period. 71.49% of the stock is owned by institutional investors and hedge funds.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at approximately $2,809,997.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the transaction, the chief executive officer now owns 927,741 shares in the company, valued at $112,525,705.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 460,079 shares of company stock worth $53,947,455. Corporate insiders own 15.30% of the company’s stock.

Several analysts recently weighed in on RCL shares. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. BidaskClub upgraded shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Deutsche Bank AG lifted their price objective on shares of Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises has an average rating of “Buy” and an average target price of $123.04.

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Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 0.66% during mid-day trading on Monday, hitting $126.93. 313,757 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $120.47 and a 200 day moving average of $112.22. Royal Caribbean Cruises Ltd. has a 52 week low of $67.53 and a 52 week high of $128.09. The stock has a market capitalization of $27.30 billion, a P/E ratio of 17.81 and a beta of 0.99.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 21st. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 dividend on an annualized basis and a yield of 1.88%. Royal Caribbean Cruises’s dividend payout ratio is presently 33.71%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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