AMP Capital Investors Ltd boosted its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,563 shares of the company’s stock after buying an additional 10,692 shares during the quarter. AMP Capital Investors Ltd owned 0.06% of Royal Caribbean Cruises worth $17,481,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of RCL. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $119,000. ClariVest Asset Management LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $142,000. Assetmark Inc. increased its position in Royal Caribbean Cruises by 198.1% during the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after purchasing an additional 814 shares during the last quarter. NuWave Investment Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth approximately $185,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Royal Caribbean Cruises during the third quarter worth approximately $204,000. Institutional investors own 74.41% of the company’s stock.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the sale, the chief executive officer now directly owns 807,741 shares in the company, valued at $103,471,622.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $134.55, for a total transaction of $996,208.20. Following the completion of the sale, the chief executive officer now owns 33,979 shares of the company’s stock, valued at $4,571,874.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,799 shares of company stock valued at $15,556,896. 15.30% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Wedbush reaffirmed an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 25th. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $137.67.
Royal Caribbean Cruises stock opened at $124.75 on Monday. Royal Caribbean Cruises Ltd has a 52 week low of $93.86 and a 52 week high of $135.65. The stock has a market cap of $26,665.19, a P/E ratio of 16.57, a PEG ratio of 0.68 and a beta of 1.13. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.20 by $0.14. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. research analysts expect that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Wednesday, March 7th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.
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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