Royal Caribbean Cruises Ltd. $RCL Stock: Beutel Goodman & Co Ltd. Increases Holdings

Beutel Goodman & Co Ltd. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.9% during the third quarter, HoldingsChannel reports. The fund owned 993,719 shares of the company’s stock after acquiring an additional 143,617 shares during the quarter. Royal Caribbean Cruises makes up about 2.1% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 16th biggest holding. Beutel Goodman & Co Ltd.’s holdings in Royal Caribbean Cruises were worth $264,190,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Gryphon Financial Partners LLC grew its position in Royal Caribbean Cruises by 1.7% in the 3rd quarter. Gryphon Financial Partners LLC now owns 4,613 shares of the company’s stock worth $1,227,000 after purchasing an additional 76 shares during the last quarter. Kestra Investment Management LLC increased its holdings in shares of Royal Caribbean Cruises by 29.4% during the 3rd quarter. Kestra Investment Management LLC now owns 1,302 shares of the company’s stock worth $346,000 after purchasing an additional 296 shares during the period. AlphaCore Capital LLC raised its position in shares of Royal Caribbean Cruises by 47.2% during the third quarter. AlphaCore Capital LLC now owns 4,196 shares of the company’s stock valued at $1,119,000 after buying an additional 1,346 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Royal Caribbean Cruises by 71.2% during the third quarter. Retirement Systems of Alabama now owns 303,838 shares of the company’s stock valued at $80,778,000 after buying an additional 126,360 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Royal Caribbean Cruises by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,036 shares of the company’s stock valued at $3,520,000 after buying an additional 302 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $337.18 on Tuesday. The stock has a market cap of $90.19 billion, a P/E ratio of 19.39, a PEG ratio of 1.16 and a beta of 1.88. The company’s 50-day simple moving average is $276.38 and its 200 day simple moving average is $288.17. Royal Caribbean Cruises Ltd. has a twelve month low of $222.22 and a twelve month high of $356.39. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.69.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio is currently 35.52%.

Insider Activity at Royal Caribbean Cruises

In other news, Director Arne Wilhelmsen sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $323.23, for a total value of $9,696,900.00. Following the completion of the transaction, the director directly owned 16,185,910 shares of the company’s stock, valued at approximately $5,231,771,689.30. This represents a 0.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maritza Montiel sold 400 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $307.21, for a total value of $122,884.00. Following the completion of the transaction, the director directly owned 13,202 shares of the company’s stock, valued at approximately $4,055,786.42. The trade was a 2.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 250,400 shares of company stock worth $82,263,584. Corporate insiders own 6.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on RCL. Wells Fargo & Company increased their target price on shares of Royal Caribbean Cruises from $358.00 to $361.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $345.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Freedom Capital lowered Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and upped their price target for the company from $299.00 to $330.00 in a report on Monday, September 28th. Finally, Susquehanna raised their price objective on Royal Caribbean Cruises from $355.00 to $360.00 and gave the stock a “positive” rating in a research report on Wednesday, October 28th. Twenty-one research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $355.62.

Royal Caribbean Cruises Profile

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences.

The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.

Founded in 1968, the company is headquartered in Miami, Florida.