Keybank National Association OH Has $1.38 Million Stake in Royal Caribbean Cruises Ltd (RCL)

Keybank National Association OH cut its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 26.9% in the fourth quarter, HoldingsChannel reports. The firm owned 11,538 shares of the company’s stock after selling 4,243 shares during the quarter. Keybank National Association OH’s holdings in Royal Caribbean Cruises were worth $1,376,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its position in shares of Royal Caribbean Cruises by 148.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock valued at $12,836,000 after purchasing an additional 64,663 shares in the last quarter. Stifel Financial Corp grew its position in shares of Royal Caribbean Cruises by 10.1% in the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after purchasing an additional 8,960 shares in the last quarter. Invictus RG grew its position in shares of Royal Caribbean Cruises by 167.5% in the third quarter. Invictus RG now owns 2,539 shares of the company’s stock valued at $301,000 after purchasing an additional 1,590 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of Royal Caribbean Cruises by 16.1% in the third quarter. Jaffetilchin Investment Partners LLC now owns 9,962 shares of the company’s stock valued at $1,181,000 after purchasing an additional 1,379 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Royal Caribbean Cruises by 12.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company’s stock valued at $1,659,000 after purchasing an additional 1,530 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

A number of research firms recently commented on RCL. Wells Fargo & Co reiterated an “outperform” rating and issued a $135.00 price objective (up from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Wedbush reiterated an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Buckingham Research upped their price objective on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Deutsche Bank upped their price objective 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $137.67.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $131.56 on Wednesday. Royal Caribbean Cruises Ltd has a 12-month low of $93.40 and a 12-month high of $135.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18. The firm has a market capitalization of $30,970.99, a price-to-earnings ratio of 17.49, a PEG ratio of 0.68 and a beta of 1.11.

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, topping analysts’ consensus estimates of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. research analysts forecast that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.

In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 807,741 shares of the company’s stock, valued at $103,471,622.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bradley H. Stein sold 9,071 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $124.64, for a total value of $1,130,609.44. Following the completion of the transaction, the senior vice president now directly owns 17,341 shares in the company, valued at approximately $2,161,382.24. The disclosure for this sale can be found here. Insiders have sold 90,895 shares of company stock worth $11,554,161 in the last ninety days. Corporate insiders own 15.30% of the company’s stock.

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

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