Hermes Investment Management Ltd. Invests $685,000 in Royal Caribbean Cruises Ltd. (RCL) Stock

Hermes Investment Management Ltd. purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,780 shares of the company’s stock, valued at approximately $685,000.

A number of other large investors have also recently bought and sold shares of the stock. Eqis Capital Management Inc. grew its stake in Royal Caribbean Cruises by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after purchasing an additional 8 shares in the last quarter. Morse Asset Management Inc grew its stake in Royal Caribbean Cruises by 0.7% in the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock worth $374,000 after purchasing an additional 25 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Royal Caribbean Cruises by 1.2% in the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after purchasing an additional 28 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Royal Caribbean Cruises by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,463 shares of the company’s stock worth $1,361,000 after purchasing an additional 35 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Royal Caribbean Cruises by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,863 shares of the company’s stock worth $1,951,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.

A number of equities analysts recently commented on the company. Nomura lifted their price target on Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Buckingham Research lifted their price target on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Wedbush lifted their price target on Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Finally, J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $111.00 to $130.00 in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus price target of $123.04.

Shares of Royal Caribbean Cruises Ltd. (RCL) opened at 121.15 on Monday. The company has a market cap of $26.06 billion, a PE ratio of 17.00 and a beta of 0.99. The company’s 50-day moving average price is $120.86 and its 200 day moving average price is $112.95. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post $7.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is presently 33.71%.

ILLEGAL ACTIVITY NOTICE: “Hermes Investment Management Ltd. Invests $685,000 in Royal Caribbean Cruises Ltd. (RCL) Stock” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/23/hermes-investment-management-ltd-invests-685000-in-royal-caribbean-cruises-ltd-rcl-stock.html.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $118.95, for a total transaction of $2,379,000.00. Following the transaction, the chief executive officer now directly owns 947,741 shares in the company, valued at $112,733,791.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the transaction, the chief executive officer now owns 967,741 shares in the company, valued at $112,093,440.03. The disclosure for this sale can be found RCL) opened at 121.15 on Monday. The company has a market cap of $26.06 billion, a PE ratio of 17.00 and a beta of 0.99. The company’s 50-day moving average price is $120.86 and its 200 day moving average price is $112.95. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post $7.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is presently 33.71%.

ILLEGAL ACTIVITY NOTICE: “Hermes Investment Management Ltd. Invests $685,000 in Royal Caribbean Cruises Ltd. (RCL) Stock” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/23/hermes-investment-management-ltd-invests-685000-in-royal-caribbean-cruises-ltd-rcl-stock.html.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $118.95, for a total transaction of $2,379,000.00. Following the transaction, the chief executive officer now directly owns 947,741 shares in the company, valued at $112,733,791.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the transaction, the chief executive officer now owns 967,741 shares in the company, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders have sold 480,079 shares of company stock worth $56,461,455 over the last quarter. 15.30% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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