US Bancorp DE decreased its position in shares of Royal Caribbean Cruises (NYSE:RCL) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,417 shares of the company’s stock after selling 1,964 shares during the quarter. US Bancorp DE’s holdings in Royal Caribbean Cruises were worth $8,761,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Royal Caribbean Cruises by 28.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 25,532 shares of the company’s stock valued at $3,047,000 after acquiring an additional 5,660 shares in the last quarter. Jefferies Group LLC increased its holdings in shares of Royal Caribbean Cruises by 104.3% during the fourth quarter. Jefferies Group LLC now owns 105,287 shares of the company’s stock valued at $12,559,000 after acquiring an additional 53,763 shares in the last quarter. Schroder Investment Management Group grew its holdings in Royal Caribbean Cruises by 39.5% during the fourth quarter. Schroder Investment Management Group now owns 84,602 shares of the company’s stock worth $10,091,000 after buying an additional 23,956 shares in the last quarter. Affinity Investment Advisors LLC grew its holdings in Royal Caribbean Cruises by 469.1% during the fourth quarter. Affinity Investment Advisors LLC now owns 104,765 shares of the company’s stock worth $12,496,000 after buying an additional 86,355 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in Royal Caribbean Cruises by 3.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 193,937 shares of the company’s stock worth $23,133,000 after buying an additional 5,759 shares in the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.
In other Royal Caribbean Cruises news, CFO Jason T. Liberty sold 10,844 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.04, for a total value of $1,431,841.76. Following the completion of the transaction, the chief financial officer now owns 44,089 shares in the company, valued at approximately $5,821,511.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $126.33, for a total value of $2,526,600.00. Following the completion of the transaction, the chief executive officer now owns 911,737 shares of the company’s stock, valued at approximately $115,179,735.21. The disclosure for this sale can be found here. Insiders sold a total of 50,844 shares of company stock valued at $6,255,242 in the last 90 days. Corporate insiders own 15.26% of the company’s stock.
Shares of Royal Caribbean Cruises opened at $107.22 on Tuesday, Marketbeat Ratings reports. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.72. Royal Caribbean Cruises has a 1 year low of $103.76 and a 1 year high of $135.65.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, April 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.04 billion. Royal Caribbean Cruises had a return on equity of 15.85% and a net margin of 18.52%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. equities analysts forecast that Royal Caribbean Cruises will post 8.88 EPS for the current fiscal year.
Royal Caribbean Cruises declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Monday, June 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.24%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.87%.
RCL has been the subject of several recent research reports. ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, May 7th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $152.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, April 27th. Finally, Wedbush reiterated an “outperform” rating and set a $145.00 price target (up previously from $139.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $136.87.
Royal Caribbean Cruises Company 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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