Private Advisor Group LLC increased its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 16.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,558 shares of the company’s stock after acquiring an additional 2,346 shares during the period. Private Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $1,853,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in RCL. Rational Advisors LLC grew its position in Royal Caribbean Cruises by 1,060.0% in the first quarter. Rational Advisors LLC now owns 232 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares in the last quarter. JOYN Advisors Inc. lifted its stake in Royal Caribbean Cruises by 118.2% in the fourth quarter. JOYN Advisors Inc. now owns 312 shares of the company’s stock worth $31,000 after purchasing an additional 169 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter worth $32,000. First Manhattan Co. bought a new stake in Royal Caribbean Cruises in the first quarter worth $40,000. Finally, Parkside Financial Bank & Trust lifted its stake in Royal Caribbean Cruises by 92.2% in the first quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock worth $40,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 72.83% of the company’s stock.
RCL has been the subject of several recent research reports. Nomura lowered their price target on shares of Royal Caribbean Cruises from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Tuesday, April 9th. Buckingham Research boosted their price target on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank reissued a “buy” rating and issued a $140.00 price target on shares of Royal Caribbean Cruises in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $144.43.
Shares of NYSE:RCL traded down $0.24 during midday trading on Wednesday, hitting $122.62. 14,371 shares of the stock traded hands, compared to its average volume of 1,486,724. The company has a market cap of $26.26 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises Ltd has a one year low of $89.48 and a one year high of $133.60.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.11 by $0.20. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, research analysts forecast that Royal Caribbean Cruises Ltd will post 9.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 31.60%.
In other news, Director Maritza Gomez Montiel sold 2,700 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $126.49, for a total transaction of $341,523.00. Following the completion of the transaction, the director now directly owns 3,081 shares of the company’s stock, valued at $389,715.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Henry L. Pujol sold 4,134 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total transaction of $529,978.80. Following the transaction, the senior vice president now directly owns 45,342 shares of the company’s stock, valued at $5,812,844.40. The disclosure for this sale can be found here. Corporate insiders own 13.07% of the company’s stock.
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Royal Caribbean Cruises Company Profile
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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