Advisors Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,801 shares of the company’s stock after acquiring an additional 384 shares during the quarter. Advisors Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $3,855,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Front Row Advisors LLC boosted its position in Royal Caribbean Cruises by 475.0% during the 1st quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock worth $27,000 after acquiring an additional 190 shares during the period. Rational Advisors LLC boosted its position in Royal Caribbean Cruises by 1,060.0% during the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the period. FinTrust Capital Advisors LLC boosted its position in Royal Caribbean Cruises by 5,040.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 252 shares during the period. Central Bank & Trust Co. acquired a new position in Royal Caribbean Cruises during the 2nd quarter worth $37,000. Finally, Archford Capital Strategies LLC boosted its position in Royal Caribbean Cruises by 814.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 393 shares of the company’s stock worth $48,000 after acquiring an additional 350 shares during the period. Institutional investors own 72.80% of the company’s stock.
RCL has been the subject of a number of analyst reports. Argus lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank cut their price objective on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a report on Friday, July 19th. Finally, Wells Fargo & Co upped their price objective on Royal Caribbean Cruises from $155.00 to $158.00 and gave the company an “outperform” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $144.30.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the completion of the sale, the chief executive officer now directly owns 910,639 shares of the company’s stock, valued at $100,370,630.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total value of $1,138,573.50. Following the transaction, the chief executive officer now directly owns 55,909 shares in the company, valued at $6,052,149.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,518 shares of company stock valued at $7,625,374. 13.07% of the stock is currently owned by company insiders.
Shares of NYSE RCL traded down $1.57 during mid-day trading on Tuesday, hitting $101.03. 1,309,164 shares of the company traded hands, compared to its average volume of 1,592,499. Royal Caribbean Cruises Ltd has a 1 year low of $89.48 and a 1 year high of $131.04. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.02 and a beta of 1.40. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $107.40 and a two-hundred day moving average of $115.30.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the business posted $2.27 earnings per share. Royal Caribbean Cruises’s revenue was up 20.1% compared to the same quarter last year. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd will post 9.63 EPS for the current year.
The business also recently announced a 0.70000 dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.78 per share. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 19th. Royal Caribbean Cruises’s dividend payout ratio is 35.21%.
About Royal Caribbean Cruises
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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