The Manufacturers Life Insurance Company lessened its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,276 shares of the company’s stock after selling 1,776 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Royal Caribbean Cruises worth $21,026,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at about $119,000. ClariVest Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at about $142,000. Assetmark Inc. grew its stake 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 acquiring an additional 814 shares in the last quarter. Huntington National Bank grew its stake 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 acquiring an additional 636 shares in the last quarter. Finally, NuWave Investment Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $185,000. 66.05% of the stock is owned by institutional investors.
Several analysts have recently weighed in on RCL shares. Buckingham Research increased their price target on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and issued a $137.00 price target on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, January 17th. Finally, Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $137.67.
In other news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $134.55, for a total value of $996,208.20. Following the transaction, the chief executive officer now directly owns 33,979 shares in the company, valued at approximately $4,571,874.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of the company’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 transaction of $2,562,000.00. Following the completion of the transaction, the chief executive officer now 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 90 days, insiders sold 120,799 shares of company stock worth $15,490,296. Company insiders own 15.30% of the company’s stock.
Royal Caribbean Cruises Ltd (RCL) opened at $130.20 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. Royal Caribbean Cruises Ltd has a fifty-two week low of $93.40 and a fifty-two week high of $135.65. The company has a market cap of $27,780.00, a P/E ratio of 17.29, a PEG ratio of 0.68 and a beta of 1.10.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. research analysts anticipate that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current 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 issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.84%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.
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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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