Royal Caribbean Cruises Ltd (NYSE:RCL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,523 shares of the company’s stock after selling 768 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $6,015,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its holdings in Royal Caribbean Cruises by 5,040.0% during the second quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock worth $31,000 after buying an additional 252 shares in the last quarter. Central Bank & Trust Co. purchased a new stake in Royal Caribbean Cruises during the second quarter worth about $37,000. North Star Investment Management Corp. purchased a new stake in Royal Caribbean Cruises during the third quarter worth about $33,000. Archford Capital Strategies LLC boosted its holdings in Royal Caribbean Cruises by 814.0% during the second quarter. Archford Capital Strategies LLC now owns 393 shares of the company’s stock worth $48,000 after buying an additional 350 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Royal Caribbean Cruises by 851.1% during the third quarter. Valeo Financial Advisors LLC now owns 447 shares of the company’s stock worth $48,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 72.65% of the company’s stock.

Shares of NYSE RCL opened at $112.20 on Tuesday. Royal Caribbean Cruises Ltd has a 12-month low of $89.48 and a 12-month high of $131.04. The company has a market capitalization of $22.87 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.17 and a quick ratio of 0.15. The firm’s 50-day moving average is $109.07 and its two-hundred day moving average is $114.67.

The firm also recently declared a 0.70000 dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were issued a $0.78 dividend. This represents a dividend yield of 2.8%. The ex-dividend date was Thursday, September 19th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.21%.

A number of analysts recently commented on RCL shares. ValuEngine downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Nomura reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Thursday, October 10th. Argus downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Zacks Investment Research raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating and set a $113.00 price target on the stock in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus price target of $145.10.

In related news, CEO Lawrence R. Pimentel sold 10,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total transaction of $1,138,573.50. Following the transaction, the chief executive officer now owns 55,909 shares of the company’s stock, valued at $6,052,149.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.66, for a total transaction of $2,113,200.00. Following the transaction, the chief executive officer now directly owns 865,651 shares in the company, valued at approximately $91,464,684.66. The disclosure for this sale can be found here. Insiders sold 70,518 shares of company stock worth $7,520,974 in the last ninety days. Insiders own 13.07% of the company’s stock.

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

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