Advisor Group Inc. boosted its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 76.5% in the fourth quarter, HoldingsChannel reports. The firm owned 6,892 shares of the company’s stock after purchasing an additional 2,988 shares during the quarter. Advisor Group Inc.’s holdings in Royal Caribbean Cruises were worth $823,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in RCL. Fuller & Thaler Asset Management Inc. bought a new position in Royal Caribbean Cruises in the third quarter valued at $119,000. Assetmark Inc. lifted its stake in shares of Royal Caribbean Cruises by 198.1% during the 3rd quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after buying an additional 814 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $185,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth about $204,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $207,000. 74.41% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on RCL shares. ValuEngine cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Wednesday, January 17th. SunTrust Banks raised their target price on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Macquarie cut shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $137.67.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The business’s revenue was up 5.0% on a year-over-year basis. equities analysts expect that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Wednesday, March 7th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 31.87%.
In other news, CFO Jason T. Liberty sold 5,892 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $131.19, for a total value of $772,971.48. Following the completion of the transaction, the chief financial officer now directly owns 43,972 shares in the company, valued at approximately $5,768,686.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $134.55, for a total transaction of $996,208.20. Following the completion of the transaction, the chief executive officer now owns 33,979 shares of the company’s stock, valued at $4,571,874.45. The disclosure for this sale can be found here. Insiders sold a total of 120,799 shares of company stock valued at $15,556,896 in the last quarter. Corporate insiders own 15.30% of the company’s stock.
Royal Caribbean Cruises Company Profile
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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