OppenheimerFunds Inc. raised its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 345,222 shares of the company’s stock after purchasing an additional 5,374 shares during the quarter. OppenheimerFunds Inc.’s holdings in Royal Caribbean Cruises were worth $41,178,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at $119,000. ClariVest Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises during the third quarter worth $142,000. Assetmark Inc. raised its position in shares of Royal Caribbean Cruises by 198.1% during the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after acquiring an additional 814 shares during the last quarter. Huntington National Bank raised its position in shares of Royal Caribbean Cruises by 89.6% during the third quarter. Huntington National Bank now owns 1,346 shares of the company’s stock worth $160,000 after acquiring an additional 636 shares during the last quarter. Finally, NuWave Investment Management LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $185,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.
In related news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $134.55, for a total value of $996,208.20. Following the completion of the sale, the chief executive officer now owns 33,979 shares in the company, valued at $4,571,874.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the sale, the chief executive officer now owns 807,741 shares of the company’s stock, valued at approximately $103,471,622.10. The disclosure for this sale can be found here. Insiders sold 120,799 shares of company stock valued at $15,490,296 in the last quarter. 15.30% of the stock is currently owned by corporate insiders.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. equities analysts expect that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Wednesday, March 7th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.40 dividend on an annualized basis and a yield of 1.86%. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.
A number of equities research analysts have recently weighed in on RCL shares. ValuEngine downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank boosted their target price on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Wedbush restated an “outperform” rating and set a $139.00 target price (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $137.67.
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About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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