TD Waterhouse Canada Inc. Sells 7,243 Shares of Royal Caribbean Cruises Ltd. $RCL

TD Waterhouse Canada Inc. lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,321 shares of the company’s stock after selling 7,243 shares during the period. TD Waterhouse Canada Inc.’s holdings in Royal Caribbean Cruises were worth $32,974,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the last quarter. Woodline Partners LP lifted its position in Royal Caribbean Cruises by 40.8% in the 1st quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock valued at $4,297,000 after acquiring an additional 6,063 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $287,000. GC Wealth Management RIA LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $403,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Royal Caribbean Cruises by 19.5% in the second quarter. Janney Montgomery Scott LLC now owns 44,162 shares of the company’s stock valued at $13,829,000 after acquiring an additional 7,210 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on RCL. Royal Bank Of Canada set a $360.00 target price on Royal Caribbean Cruises in a research note on Friday, October 31st. Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. TD Cowen reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Tuesday, January 13th. Stifel Nicolaus reduced their price objective on Royal Caribbean Cruises from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. Finally, Bank of America upped their price target on Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $328.76.

Insiders Place Their Bets

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Up 0.5%

Shares of NYSE:RCL opened at $291.98 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The stock has a market capitalization of $79.63 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 0.81 and a beta of 1.94. The stock’s 50-day simple moving average is $279.45 and its two-hundred day simple moving average is $304.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.80. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio is currently 26.90%.

Royal Caribbean Cruises declared that its board has initiated a stock buyback plan on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.