Royal Caribbean Cruises Ltd. (RCL) Stake Lowered by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,445 shares of the company’s stock after selling 33,693 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Royal Caribbean Cruises worth $20,254,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. NEXT Financial Group Inc raised its stake in Royal Caribbean Cruises by 25.0% in the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock worth $107,000 after buying an additional 200 shares in the last quarter. Advisors Preferred LLC bought a new position in Royal Caribbean Cruises during the first quarter valued at $103,000. Whittier Trust Co. raised its position in Royal Caribbean Cruises by 24.4% in the first quarter. Whittier Trust Co. now owns 1,266 shares of the company’s stock valued at $124,000 after buying an additional 248 shares in the last quarter. Acadian Asset Management LLC raised its position in Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after buying an additional 1,453 shares in the last quarter. Finally, Courier Capital LLC bought a new position in Royal Caribbean Cruises during the first quarter valued at $217,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

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

Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) traded down 0.15% during midday trading on Friday, hitting $111.90. 1,480,293 shares of the company were exchanged. The company has a market capitalization of $24.07 billion, a P/E ratio of 17.30 and a beta of 1.08. Royal Caribbean Cruises Ltd. has a one year low of $64.95 and a one year high of $114.50. The company has a 50-day moving average of $109.25 and a 200 day moving average of $96.33.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Friday, April 28th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.07. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.02 billion. Royal Caribbean Cruises had a return on equity of 15.91% and a net margin of 16.29%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post $7.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 2nd will be given a $0.48 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.72%. Royal Caribbean Cruises’s dividend payout ratio is currently 29.68%.

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Several analysts recently issued reports on the stock. ValuEngine raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $119.50 price objective (up from $117.50) on shares of Royal Caribbean Cruises in a report on Tuesday, May 2nd. Deutsche Bank AG decreased their price objective on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) upped their price objective on shares of Royal Caribbean Cruises from $90.00 to $94.00 and gave the stock a “sell” rating in a report on Monday, May 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus price target of $102.31.

In other news, EVP Harri U. Kulovaara sold 7,527 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $110.00, for a total value of $827,970.00. Following the sale, the executive vice president now directly owns 29,667 shares in the company, valued at approximately $3,263,370. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $107.77, for a total value of $2,155,400.00. Following the sale, the chief executive officer now owns 1,007,741 shares in the company, valued at $108,604,247.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,527 shares of company stock worth $4,881,770. Corporate insiders own 15.30% of the company’s stock.

About Royal Caribbean Cruises

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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