Westover Capital Advisors LLC grew its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 56.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,099 shares of the company’s stock after acquiring an additional 3,274 shares during the quarter. Westover Capital Advisors LLC’s holdings in Royal Caribbean Cruises were worth $1,085,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RCL. Stifel Financial Corp grew its stake in Royal Caribbean Cruises by 10.1% during the 3rd quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock worth $11,551,000 after buying an additional 8,960 shares during the last quarter. Invictus RG grew its stake in Royal Caribbean Cruises by 167.5% during the 3rd quarter. Invictus RG now owns 2,539 shares of the company’s stock worth $301,000 after buying an additional 1,590 shares during the last quarter. Schroder Investment Management Group grew its stake in Royal Caribbean Cruises by 39.5% during the 4th quarter. Schroder Investment Management Group now owns 84,602 shares of the company’s stock worth $10,091,000 after buying an additional 23,956 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Royal Caribbean Cruises by 12.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company’s stock worth $1,659,000 after buying an additional 1,530 shares during the last quarter. Finally, Affinity Investment Advisors LLC grew its stake in Royal Caribbean Cruises by 469.1% during the 4th quarter. Affinity Investment Advisors LLC now owns 104,765 shares of the company’s stock worth $12,496,000 after buying an additional 86,355 shares during the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.
Shares of RCL stock opened at $124.86 on Wednesday. Royal Caribbean Cruises Ltd has a 1 year low of $93.86 and a 1 year 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 $26,594.65, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 0.68 and a beta of 1.13.
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 company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. equities analysts predict that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current fiscal year.
The business 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 dividend on an annualized basis and a yield of 1.92%. Royal Caribbean Cruises’s payout ratio is 31.87%.
RCL has been the topic of a number of research reports. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Wednesday, January 17th. Wedbush restated an “outperform” rating and set a $145.00 price target (up previously from $139.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 25th. Macquarie downgraded Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Thursday, November 30th. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. raised their price target on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $137.67.
In other news, CEO Richard D. Fain sold 20,000 shares of the firm’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 of the company’s stock, valued at approximately $103,471,622.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bradley H. Stein sold 9,071 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 17,341 shares of the company’s stock, valued at $2,161,382.24. The disclosure for this sale can be found here. Insiders have sold a total of 120,799 shares of company stock valued at $15,556,896 over the last ninety days. 15.30% of the stock is owned by insiders.
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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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