2,994 Royal Caribbean Cruises Ltd. $RCL Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 45,060 shares of the company’s stock after purchasing an additional 2,994 shares during the period. ProShare Advisors LLC’s holdings in Royal Caribbean Cruises were worth $11,980,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RCL. BlackRock Inc. purchased a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $6,549,422,000. State Street Corp raised its position in shares of Royal Caribbean Cruises by 2.6% during the 2nd quarter. State Street Corp now owns 10,689,134 shares of the company’s stock valued at $3,409,971,000 after buying an additional 270,930 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $669,804,000. Jupiter Topco LLC purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $597,350,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Royal Caribbean Cruises by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,957,044 shares of the company’s stock worth $538,393,000 after acquiring an additional 38,748 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Maritza Montiel sold 400 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $307.21, for a total transaction of $122,884.00. Following the transaction, the director directly owned 13,202 shares of the company’s stock, valued at approximately $4,055,786.42. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.44% of the stock is currently owned by insiders.

Royal Caribbean Cruises Trading Down 2.4%

Shares of RCL opened at $313.27 on Wednesday. The firm has a market cap of $83.79 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.12 and a beta of 1.88. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.19 and a current ratio of 0.22. Royal Caribbean Cruises Ltd. has a fifty-two week low of $222.22 and a fifty-two week high of $356.39. The firm has a 50 day moving average price of $272.91 and a 200-day moving average price of $287.08.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, beating the consensus estimate of $6.38 by $0.19. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the firm earned $5.75 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio is presently 35.52%.

Wall Street Analyst Weigh In

RCL has been the subject of several research reports. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, July 28th. UBS Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, September 23rd. Loop Capital lifted their price target on Royal Caribbean Cruises from $304.00 to $327.00 in a research note on Wednesday, July 29th. Finally, Tigress Financial reiterated a “buy” rating and issued a $425.00 price objective on shares of Royal Caribbean Cruises in a report on Monday, September 28th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $355.62.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.