Geode Capital Management LLC raised its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 8.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,198,984 shares of the company’s stock after acquiring an additional 166,909 shares during the period. Geode Capital Management LLC owned about 1.05% of Royal Caribbean Cruises worth $214,659,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd grew its holdings in Royal Caribbean Cruises by 857.4% in the 4th quarter. Altshuler Shaham Ltd now owns 746,123 shares of the company’s stock valued at $72,892,000 after buying an additional 668,190 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Royal Caribbean Cruises by 24,167.7% during the 4th quarter. Levin Capital Strategies L.P. now owns 382,944 shares of the company’s stock valued at $37,448,000 after acquiring an additional 381,366 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Royal Caribbean Cruises by 87.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 686,912 shares of the company’s stock valued at $89,257,000 after acquiring an additional 320,027 shares during the period. Prudential Financial Inc. lifted its position in shares of Royal Caribbean Cruises by 61.9% during the 4th quarter. Prudential Financial Inc. now owns 681,365 shares of the company’s stock valued at $66,630,000 after acquiring an additional 260,569 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Royal Caribbean Cruises by 2.3% during the 4th quarter. BlackRock Inc. now owns 10,873,450 shares of the company’s stock worth $1,063,315,000 after buying an additional 245,608 shares during the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.
In related news, Director Maritza Gomez Montiel sold 2,700 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $126.49, for a total transaction of $341,523.00. Following the completion of the transaction, the director now directly owns 3,081 shares in the company, valued at $389,715.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Henry L. Pujol sold 4,134 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $128.20, for a total value of $529,978.80. Following the transaction, the senior vice president now owns 45,342 shares of the company’s stock, valued at $5,812,844.40. The disclosure for this sale can be found here. 13.07% of the stock is currently owned by insiders.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.20. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. Analysts predict that Royal Caribbean Cruises Ltd will post 9.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.60%.
Several equities analysts have commented on RCL shares. Wedbush reiterated an “underweight” rating and issued a $145.00 target price (up from $140.00) on shares of Royal Caribbean Cruises in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Citigroup increased their price target on Royal Caribbean Cruises from $138.00 to $154.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Wells Fargo & Co increased their price target on Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Deutsche Bank reissued a “buy” rating and issued a $140.00 price target on shares of Royal Caribbean Cruises in a research note on Wednesday, May 1st. Finally, Buckingham Research raised their target price on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $144.43.
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Royal Caribbean Cruises Profile
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.
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