Russell Investments Group Ltd. boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 48.8% in the third quarter, Holdings Channel reports. The institutional investor owned 351,959 shares of the company’s stock after purchasing an additional 115,369 shares during the period. Russell Investments Group Ltd.’s holdings in Royal Caribbean Cruises were worth $93,491,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in Royal Caribbean Cruises during the second quarter valued at $29,000. NBH Bank bought a new stake in Royal Caribbean Cruises in the second quarter worth $29,000. Cape Investment Advisory Inc. purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth $30,000. Ancora Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the first quarter worth $27,000. Institutional investors own 87.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on RCL shares. Citigroup raised their price target on Royal Caribbean Cruises from $362.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, October 29th. BNP Paribas Exane upped their price target on shares of Royal Caribbean Cruises from $357.00 to $392.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Deutsche Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their price objective for the company from $299.00 to $330.00 in a research report on Monday, September 28th. Morgan Stanley reissued an “equal weight” rating on shares of Royal Caribbean Cruises in a research report on Thursday. Finally, BMO Capital Markets restated an “outperform” rating and set a $370.00 price objective on shares of Royal Caribbean Cruises in a research note on Wednesday, September 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $358.88.
Check Out Our Latest Research Report on Royal Caribbean Cruises
Royal Caribbean Cruises Stock Up 0.4%
RCL stock traded up $1.36 during midday trading on Friday, hitting $323.36. The company’s stock had a trading volume of 1,248,044 shares, compared to its average volume of 2,233,756. The company has a market cap of $86.49 billion, a PE ratio of 19.14, a P/E/G ratio of 1.12 and a beta of 1.88. Royal Caribbean Cruises Ltd. has a 12 month low of $222.22 and a 12 month high of $356.39. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. The firm’s 50-day moving average is $281.51 and its 200-day moving average is $289.00.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued 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. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.61 billion. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $5.75 EPS. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current fiscal year.
Royal Caribbean Cruises Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio is presently 35.52%.
Insider Buying and Selling at Royal Caribbean Cruises
In related news, Director Maritza Montiel sold 400 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $307.21, for a total transaction of $122,884.00. Following the sale, the director directly owned 13,202 shares of the company’s stock, valued at $4,055,786.42. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arne Wilhelmsen sold 35,000 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $325.50, for a total value of $11,392,500.00. Following the completion of the sale, the director owned 15,524,236 shares of the company’s stock, valued at $5,053,138,818. The trade was a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 912,074 shares of company stock worth $304,196,365 over the last ninety days. 6.44% of the stock is currently owned by insiders.
Trending Headlines about Royal Caribbean Cruises
These are some of the RCL headlines that stood out recently:
- Neutral Sentiment: Royal Caribbean held a naming ceremony for its new Legend of the Seas ship. The event reinforces the company’s fleet and vacation offering, but the announcement provides no new financial or booking details. Article: Royal Caribbean Celebrates Legend of the Seas in Veterans Day Naming Ceremony
- Neutral Sentiment: A separate analyst roundup discusses Royal Caribbean, but the provided headline and excerpt contain no specific rating, forecast, or recommendation to assess. Article: Analysts Offer Insights on Consumer Cyclical Companies
- Negative Sentiment: Three reports describe Royal Caribbean directors selling shares worth approximately $159.8 million in total. Large insider sales can weigh on sentiment, although the headlines do not explain the reasons for the transactions. Article: Director Sells $43,237,536.08 in Stock Article: Director Sells $59,457,945.12 in Stock Article: Director Sells $57,128,299.40 in Stock
Royal Caribbean Cruises Profile
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences. The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.
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