Mizuho Asset Management Co. Ltd. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 86.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,321 shares of the company’s stock after buying an additional 1,075 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $156,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of RCL. Suvretta Capital Management LLC bought a new position in shares of Royal Caribbean Cruises during the first quarter worth $78,724,000. MIG Capital LLC increased its position in shares of Royal Caribbean Cruises by 93.1% in the first quarter. MIG Capital LLC now owns 411,000 shares of the company’s stock worth $33,764,000 after buying an additional 198,207 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Royal Caribbean Cruises by 1.2% in the first quarter. Geode Capital Management LLC now owns 1,385,668 shares of the company’s stock worth $113,602,000 after buying an additional 16,348 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 17.0% in the first quarter. Envestnet Asset Management Inc. now owns 29,423 shares of the company’s stock worth $2,417,000 after buying an additional 4,276 shares in the last quarter. Finally, AMP Capital Investors Ltd increased its position in shares of Royal Caribbean Cruises by 55.1% in the first quarter. AMP Capital Investors Ltd now owns 80,966 shares of the company’s stock worth $6,507,000 after buying an additional 28,751 shares in the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 70.05 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $64.21 and a 12 month high of $103.40. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 19.99 and a beta of 1.73. The stock has a 50 day moving average of $69.72 and a 200-day moving average of $73.66.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Royal Caribbean Cruises had a net margin of 9.05% and a return on equity of 14.76%. The firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $0.84 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post $6.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 29th will be issued a dividend of $0.48 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $1.92 annualized dividend and a yield of 2.70%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 42.98%.

A number of equities analysts have weighed in on RCL shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $95.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, August 24th. Morgan Stanley dropped their target price on shares of Royal Caribbean Cruises from $99.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, May 26th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Thursday. Nomura reaffirmed a “buy” rating and issued a $83.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, September 14th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $100.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, August 3rd. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $93.52.

In related news, CEO Richard D. Fain acquired 29,190 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of $68.52 per share, with a total value of $2,000,098.80. Following the transaction, the chief executive officer now directly owns 1,068,881 shares in the company, valued at approximately $73,239,726.12. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen acquired 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 18th. The shares were bought at an average cost of $70.50 per share, with a total value of $77,550.00. Following the transaction, the director now owns 18,871 shares in the company, valued at $1,330,405.50. The disclosure for this purchase can be found here. Company insiders own 16.80% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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