BB&T Securities LLC boosted its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1,070.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,909 shares of the company’s stock after buying an additional 31,927 shares during the period. BB&T Securities LLC’s holdings in Royal Caribbean Cruises were worth $3,616,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in RCL. First Mercantile Trust Co. bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at $145,000. Squar Milner Financial Services LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at $164,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Royal Caribbean Cruises by 488.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock valued at $185,000 after purchasing an additional 1,484 shares during the period. NEXT Financial Group Inc bought a new position in Royal Caribbean Cruises in the 1st quarter valued at $214,000. Finally, Delpha Capital Management LLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at $228,000. Institutional investors and hedge funds own 71.02% of the company’s stock.
RCL has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $147.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 24th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, August 8th. Citigroup cut their price target on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a report on Friday, August 17th. Deutsche Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $146.00 in a report on Wednesday, August 29th. Finally, ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $141.53.
In related news, EVP Harri U. Kulovaara sold 6,600 shares of Royal Caribbean Cruises stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the transaction, the executive vice president now owns 26,165 shares in the company, valued at approximately $3,285,015.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.26% of the stock is owned by company insiders.
Shares of NYSE RCL traded down $1.84 during mid-day trading on Friday, reaching $123.67. 1,744,807 shares of the company were exchanged, compared to its average volume of 1,747,432. Royal Caribbean Cruises Ltd has a 52 week low of $101.20 and a 52 week high of $135.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.18 and a current ratio of 0.20. The company has a market capitalization of $27.15 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.92 and a beta of 1.17.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.30. Royal Caribbean Cruises had a net margin of 19.31% and a return on equity of 16.50%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $1.71 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast that Royal Caribbean Cruises Ltd will post 8.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 21st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 20th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 37.18%.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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