Capital International Investors Cuts Holdings in Royal Caribbean Cruises Ltd (RCL)

Capital International Investors cut its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,275,469 shares of the company’s stock after selling 396,587 shares during the quarter. Capital International Investors owned about 1.53% of Royal Caribbean Cruises worth $388,274,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RCL. Ameriprise Financial Inc. raised its position in Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after purchasing an additional 1,732,995 shares during the period. American Century Companies Inc. raised its position in Royal Caribbean Cruises by 158.3% in the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after purchasing an additional 841,498 shares during the period. Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after purchasing an additional 673,608 shares during the period. PNC Financial Services Group Inc. raised its position in Royal Caribbean Cruises by 1,754.5% in the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock valued at $74,756,000 after purchasing an additional 647,483 shares during the period. Finally, Capital Growth Management LP purchased a new position in Royal Caribbean Cruises in the second quarter valued at about $61,933,000. 73.28% of the stock is currently owned by institutional investors.

Several research analysts have commented on RCL shares. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Tuesday, August 22nd. Stifel Nicolaus restated a “buy” rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Argus raised their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. SunTrust Banks restated a “buy” rating and set a $126.00 target price on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Finally, Buckingham Research raised their target price on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $127.28.

In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $123.76, for a total value of $2,475,200.00. Following the completion of the transaction, the chief executive officer now directly owns 895,416 shares in the company, valued at $110,816,684.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 60,000 shares of company stock valued at $7,415,000 over the last quarter. Insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $125.23 on Friday. The company has a market capitalization of $26,810.37, a PE ratio of 16.88, a P/E/G ratio of 0.75 and a beta of 1.06. Royal Caribbean Cruises Ltd has a 52 week low of $81.59 and a 52 week high of $133.75. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $3.20 earnings per share. analysts anticipate that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 32.43%.

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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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