Thomas J. Herzfeld Advisors Inc. lowered its position in Royal Caribbean Cruises (NYSE:RCL) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,829 shares of the company’s stock after selling 5,000 shares during the period. Royal Caribbean Cruises accounts for 1.2% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 19th largest holding. Thomas J. Herzfeld Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $3,319,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in Royal Caribbean Cruises by 10.1% in the third 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 increased its holdings in Royal Caribbean Cruises by 167.5% in the third 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. Jefferies Group LLC increased its holdings in Royal Caribbean Cruises by 104.3% in the fourth quarter. Jefferies Group LLC now owns 105,287 shares of the company’s stock worth $12,559,000 after buying an additional 53,763 shares during the last quarter. Schroder Investment Management Group increased its holdings in Royal Caribbean Cruises by 39.5% in the fourth 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. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in 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 worth $1,659,000 after buying an additional 1,530 shares during the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.
A number of equities research analysts have issued reports on RCL shares. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Wednesday, January 17th. Wedbush reaffirmed an “outperform” rating and set a $145.00 target price (up previously from $139.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 25th. Berenberg Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. JPMorgan Chase upped their target price on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, ValuEngine cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $136.93.
In related news, CEO Bradley H. Stein sold 8,528 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $124.34, for a total value of $1,060,371.52. Following the completion of the transaction, the chief executive officer now directly owns 17,341 shares of the company’s stock, valued at $2,156,179.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bradley H. Stein sold 9,071 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was 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 of the company’s stock, valued at $2,161,382.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,799 shares of company stock valued at $15,556,896. 15.30% of the stock is owned by company insiders.
Shares of RCL traded down $2.99 during mid-day trading on Friday, hitting $114.83. The company’s stock had a trading volume of 1,106,274 shares, compared to its average volume of 1,203,993. Royal Caribbean Cruises has a one year low of $93.86 and a one year high of $135.65. 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 stock has a market capitalization of $25,183.91, a price-to-earnings ratio of 15.25, a P/E/G ratio of 0.64 and a beta of 1.23.
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 consensus estimate 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 in the prior year, the business earned $1.23 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities analysts predict that Royal Caribbean Cruises will post 8.7 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Wednesday, March 7th were given a $0.60 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $2.40 annualized dividend and a yield of 2.09%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 31.87%.
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About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.
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