BB&T Securities LLC Buys 31,927 Shares of Royal Caribbean Cruises Ltd (RCL)

BB&T Securities LLC boosted its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1,070.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,909 shares of the company’s stock after acquiring an additional 31,927 shares during the period. BB&T Securities LLC’s holdings in Royal Caribbean Cruises were worth $3,616,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Laurion Capital Management LP boosted its holdings in Royal Caribbean Cruises by 264.3% in the 2nd quarter. Laurion Capital Management LP now owns 170,778 shares of the company’s stock valued at $17,693,000 after purchasing an additional 123,899 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in Royal Caribbean Cruises by 18.5% in the 2nd quarter. Twin Capital Management Inc. now owns 19,554 shares of the company’s stock valued at $2,026,000 after purchasing an additional 3,054 shares in the last quarter. Glen Harbor Capital Management LLC boosted its holdings in Royal Caribbean Cruises by 46.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 79,420 shares of the company’s stock valued at $8,228,000 after purchasing an additional 25,124 shares in the last quarter. Earnest Partners LLC boosted its holdings in Royal Caribbean Cruises by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 104,334 shares of the company’s stock valued at $10,809,000 after purchasing an additional 457 shares in the last quarter. Finally, Burney Co. boosted its holdings in Royal Caribbean Cruises by 8.7% in the 2nd quarter. Burney Co. now owns 18,237 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, June 15th. Susquehanna Bancshares lifted their price objective on Royal Caribbean Cruises from $142.00 to $146.00 and gave the company a “positive” rating in a report on Friday, June 15th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Finally, Stifel Nicolaus lowered their price objective on Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, July 24th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Royal Caribbean Cruises has a consensus rating of “Buy” and an average price target of $139.73.

Shares of NYSE:RCL opened at $125.86 on Friday. The company has a market cap of $25.60 billion, a PE ratio of 16.71, a PEG ratio of 0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.18 and a current ratio of 0.20. Royal Caribbean Cruises Ltd has a 12 month low of $101.20 and a 12 month high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.30. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 EPS. analysts expect that Royal Caribbean Cruises Ltd will post 8.9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 21st will be paid a dividend of $0.70 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.22%. Royal Caribbean Cruises’s payout ratio is 31.87%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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