ProShare Advisors LLC Purchases 2,994 Shares of Royal Caribbean Cruises Ltd. $RCL

ProShare Advisors LLC grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,060 shares of the company’s stock after buying an additional 2,994 shares during the period. ProShare Advisors LLC’s holdings in Royal Caribbean Cruises were worth $11,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. increased its stake in shares of Royal Caribbean Cruises by 13.0% in the third quarter. Vise Technologies Inc. now owns 12,388 shares of the company’s stock worth $3,294,000 after purchasing an additional 1,429 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 191.0% in the third quarter. International Assets Investment Management LLC now owns 7,928 shares of the company’s stock valued at $2,108,000 after purchasing an additional 5,204 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 10.3% during the 3rd quarter. Soltis Investment Advisors LLC now owns 1,271 shares of the company’s stock valued at $338,000 after buying an additional 119 shares in the last quarter. North Dakota State Investment Board lifted its stake in shares of Royal Caribbean Cruises by 2.2% during the 3rd quarter. North Dakota State Investment Board now owns 7,701 shares of the company’s stock valued at $2,047,000 after buying an additional 167 shares in the last quarter. Finally, Victory Financial Group LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $825,000. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Tigress Financial reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Royal Caribbean Cruises in a report on Monday, September 28th. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. BNP Paribas Exane increased their target price on Royal Caribbean Cruises from $357.00 to $392.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and set a $370.00 target price on shares of Royal Caribbean Cruises in a research report on Wednesday, September 23rd. Finally, Freedom Broker raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and raised their price target for the stock from $351.00 to $379.00 in a report on Wednesday, October 28th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $355.62.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $313.27 on Wednesday. The firm’s 50 day simple moving average is $272.91 and its 200 day simple moving average is $287.08. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $83.79 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.88. Royal Caribbean Cruises Ltd. has a 1-year low of $222.22 and a 1-year high of $356.39.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, beating the consensus estimate of $6.38 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $5.75 EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 annualized dividend and a yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 35.52%.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Maritza Montiel sold 400 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $307.21, for a total transaction of $122,884.00. Following the completion of the transaction, the director directly owned 13,202 shares in the company, valued at $4,055,786.42. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.44% of the company’s stock.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.