California Public Employees Retirement System grew its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 7.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 354,370 shares of the company’s stock after acquiring an additional 25,170 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Royal Caribbean Cruises worth $42,007,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in RCL. Janney Montgomery Scott LLC raised its holdings in shares of Royal Caribbean Cruises by 26.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,420 shares of the company’s stock worth $592,000 after buying an additional 1,117 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of Royal Caribbean Cruises by 36.8% during the 2nd quarter. Global X Management Co. LLC now owns 4,022 shares of the company’s stock worth $439,000 after buying an additional 1,081 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 567,176 shares of the company’s stock worth $61,953,000 after buying an additional 29,833 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Royal Caribbean Cruises by 31.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 149,934 shares of the company’s stock worth $16,377,000 after buying an additional 35,980 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Royal Caribbean Cruises by 12.6% during the 2nd quarter. Legal & General Group Plc now owns 813,441 shares of the company’s stock worth $88,853,000 after buying an additional 91,310 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and set a $137.00 price target on shares of Royal Caribbean Cruises in a report on Friday, November 10th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Macquarie cut Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Thursday, November 30th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $135.00 price target (up previously from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $127.28.
Royal Caribbean Cruises Ltd (NYSE RCL) opened at $125.09 on Friday. Royal Caribbean Cruises Ltd has a fifty-two week low of $81.59 and a fifty-two week high of $133.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. The stock has a market capitalization of $26,046.06, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. equities analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be issued a $0.60 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.92%. Royal Caribbean Cruises’s payout ratio is presently 32.43%.
In other news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total value of $2,460,000.00. Following the completion of the sale, the chief executive officer now owns 847,741 shares of the company’s stock, valued at $104,272,143. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 60,000 shares of company stock valued at $7,449,200. Insiders own 15.30% of the company’s stock.
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Royal Caribbean Cruises 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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