Toronto Dominion Bank boosted its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,824 shares of the company’s stock after purchasing an additional 8,558 shares during the period. Toronto Dominion Bank’s holdings in Royal Caribbean Cruises were worth $8,805,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $119,000. ClariVest Asset Management LLC purchased a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $142,000. Assetmark Inc. increased its holdings in Royal Caribbean Cruises by 198.1% during the 3rd quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock valued at $145,000 after purchasing an additional 814 shares during the period. Huntington National Bank increased its holdings in Royal Caribbean Cruises by 89.6% during the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock valued at $160,000 after purchasing an additional 636 shares during the period. Finally, NuWave Investment Management LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at about $185,000. Institutional investors own 67.28% of the company’s stock.
Shares of Royal Caribbean Cruises Ltd (NYSE RCL) opened at $131.68 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $30,971.00, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. Royal Caribbean Cruises Ltd has a 12-month low of $93.40 and a 12-month high of $135.65.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 EPS. equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, March 6th. This represents a $2.40 annualized dividend and a yield of 1.82%. Royal Caribbean Cruises’s payout ratio is 31.87%.
In other news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $134.55, for a total value of $996,208.20. Following the sale, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the sale, the chief executive officer now directly owns 807,741 shares in the company, valued at $103,471,622.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,895 shares of company stock worth $11,554,161. Insiders own 15.30% of the company’s stock.
A number of research analysts recently issued reports on RCL shares. ValuEngine downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Bank of America boosted their price target on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Deutsche Bank boosted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $137.67.
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Royal Caribbean Cruises Company Profile
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).
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