Huntington National Bank lifted its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 34.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 958 shares of the company’s stock after acquiring an additional 248 shares during the quarter. Huntington National Bank’s holdings in Royal Caribbean Cruises were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of RCL. JOYN Advisors Inc. raised its position in shares of Royal Caribbean Cruises by 118.2% during the fourth quarter. JOYN Advisors Inc. now owns 312 shares of the company’s stock worth $31,000 after acquiring an additional 169 shares during the last quarter. Athena Capital Advisors LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $32,000. Exane Derivatives grew its stake in Royal Caribbean Cruises by 3,509.1% during the fourth quarter. Exane Derivatives now owns 397 shares of the company’s stock worth $39,000 after purchasing an additional 386 shares during the period. PRW Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $45,000. Finally, Financial Advantage Inc. acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $54,000. Institutional investors own 71.21% of the company’s stock.
NYSE RCL opened at $124.11 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. Royal Caribbean Cruises Ltd has a one year low of $89.48 and a one year high of $133.60. The company has a market cap of $25.79 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Wednesday, January 30th. The company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.02. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the firm posted $7.53 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, research analysts predict that Royal Caribbean Cruises Ltd will post 9.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 7th were paid a $0.70 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 2.26%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.60%.
In other news, Director Stephen R. Jr. Howe acquired 420 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $119.50 per share, with a total value of $50,190.00. Following the completion of the purchase, the director now owns 1,944 shares of the company’s stock, valued at approximately $232,308. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason T. Liberty sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $121.79, for a total value of $1,583,270.00. Following the completion of the sale, the chief financial officer now directly owns 48,811 shares of the company’s stock, valued at approximately $5,944,691.69. The disclosure for this sale can be found here. Insiders sold 69,447 shares of company stock valued at $8,271,277 in the last three months. Insiders own 15.26% of the company’s stock.
Several research firms recently commented on RCL. Wells Fargo & Co raised their target price on Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Tuesday, April 9th. Finally, ValuEngine cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $140.83.
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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, Azamara Club Cruises, and Silversea 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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