AMP Capital Investors Ltd decreased its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,117 shares of the company’s stock after selling 8,307 shares during the quarter. AMP Capital Investors Ltd’s holdings in Royal Caribbean Cruises were worth $7,256,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of RCL. Alps Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $531,000. Sigma Planning Corp acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $228,000. KBC Group NV boosted its holdings in shares of Royal Caribbean Cruises by 17.0% during the second quarter. KBC Group NV now owns 123,605 shares of the company’s stock worth $12,806,000 after purchasing an additional 17,924 shares during the last quarter. Global Financial Private Capital LLC boosted its holdings in shares of Royal Caribbean Cruises by 12.1% during the second quarter. Global Financial Private Capital LLC now owns 24,958 shares of the company’s stock worth $2,586,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $1,837,000. Institutional investors and hedge funds own 71.45% of the company’s stock.
Shares of Royal Caribbean Cruises stock opened at $104.92 on Friday. Royal Caribbean Cruises Ltd has a twelve month low of $97.48 and a twelve month high of $135.65. The firm has a market capitalization of $22.81 billion, a P/E ratio of 13.93, a PEG ratio of 0.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd will post 8.83 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, December 19th. Royal Caribbean Cruises’s payout ratio is currently 37.18%.
In other Royal Caribbean Cruises news, Director Bernt Reitan sold 1,578 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $106.58, for a total value of $168,183.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the completion of the transaction, the executive vice president now directly owns 26,165 shares in the company, valued at $3,285,015.75. The disclosure for this sale can be found here. 15.26% of the stock is currently owned by company insiders.
Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $147.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Bank of America raised their price objective on Royal Caribbean Cruises from $138.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, September 6th. Deutsche Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $146.00 in a report on Wednesday, August 29th. Finally, ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $139.62.
Royal Caribbean Cruises Profile
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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