MUFG Americas Holdings Corp cut its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,954 shares of the company’s stock after selling 7,362 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Royal Caribbean Cruises were worth $8,292,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in RCL. Boston Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 451.1% during the second quarter. Boston Advisors LLC now owns 14,300 shares of the company’s stock worth $1,562,000 after purchasing an additional 11,705 shares during the period. Parkwood LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $302,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $241,000. NGAM Advisors L.P. raised its holdings in shares of Royal Caribbean Cruises by 2.1% during the second quarter. NGAM Advisors L.P. now owns 22,649 shares of the company’s stock worth $2,474,000 after purchasing an additional 471 shares during the period. Finally, IBM Retirement Fund raised its holdings in shares of Royal Caribbean Cruises by 125.2% during the second quarter. IBM Retirement Fund now owns 4,224 shares of the company’s stock worth $515,000 after purchasing an additional 2,348 shares during the period. Institutional investors and hedge funds own 73.28% of the company’s stock.
In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 60,000 shares of company stock valued at $7,415,000. Insiders own 15.30% of the company’s stock.
A number of brokerages have weighed in on RCL. Macquarie cut shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Thursday, November 30th. Berenberg Bank cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a report on Tuesday, November 14th. SunTrust Banks reaffirmed a “buy” rating and issued a $137.00 price objective on shares of Royal Caribbean Cruises in a report on Friday, November 10th. Deutsche Bank increased their price objective on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, Buckingham Research increased their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $127.28.
Royal Caribbean Cruises Ltd (NYSE RCL) traded up $1.18 during trading hours on Friday, hitting $125.23. 1,272,418 shares of the stock traded hands, compared to its average volume of 1,287,995. Royal Caribbean Cruises Ltd has a one year low of $81.59 and a one year high of $133.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The company has a market cap of $26,557.73, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $3.20 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 32.43%.
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About Royal Caribbean Cruises
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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