Eagle Ridge Investment Management reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,223 shares of the company’s stock after selling 3,866 shares during the period. Eagle Ridge Investment Management’s holdings in Royal Caribbean Cruises were worth $541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Architects Inc raised its position in shares of Royal Caribbean Cruises by 0.6% in the third quarter. Financial Architects Inc now owns 3,522 shares of the company’s stock valued at $263,000 after buying an additional 22 shares during the period. Nippon Life Insurance Co. raised its position in shares of Royal Caribbean Cruises by 0.4% in the third quarter. Nippon Life Insurance Co. now owns 9,226 shares of the company’s stock valued at $691,000 after buying an additional 35 shares during the period. Calvert Investment Management Inc. raised its position in shares of Royal Caribbean Cruises by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 10,250 shares of the company’s stock valued at $688,000 after buying an additional 44 shares during the period. Moody Lynn & Lieberson LLC raised its position in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 5,750 shares of the company’s stock valued at $386,000 after buying an additional 57 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Royal Caribbean Cruises by 0.7% in the third quarter. Capstone Asset Management Co. now owns 12,287 shares of the company’s stock valued at $921,000 after buying an additional 80 shares during the period. 75.46% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 0.93% during trading on Friday, reaching $85.09. The company’s stock had a trading volume of 1,108,394 shares. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 15.05 and a beta of 1.24. Royal Caribbean Cruises Ltd. has a 1-year low of $64.21 and a 1-year high of $88.34. The company’s 50-day moving average price is $83.83 and its 200 day moving average price is $75.06.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Friday, October 28th. The company reported $3.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.10. The firm earned $2.56 billion during the quarter, compared to analyst estimates of $2.58 billion. Royal Caribbean Cruises had a net margin of 14.48% and a return on equity of 15.29%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.84 EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Wednesday, December 21st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, December 19th. Royal Caribbean Cruises’s dividend payout ratio is currently 33.86%.

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Several research analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Royal Caribbean Cruises in a research report on Wednesday, December 21st. Vetr lowered Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating and set a $95.16 price objective on the stock. in a research report on Wednesday. Zacks Investment Research raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Deutsche Bank AG reissued a “hold” rating and issued a $81.00 price objective on shares of Royal Caribbean Cruises in a research report on Monday, October 31st. Finally, Wedbush set a $88.00 price objective on Royal Caribbean Cruises and gave the company a “buy” rating in a research report on Monday, November 14th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Buy” and an average target price of $90.86.

In other news, CEO Michael W. Bayley sold 6,767 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $76.57, for a total transaction of $518,149.19. Following the completion of the transaction, the chief executive officer now owns 76,176 shares of the company’s stock, valued at $5,832,796.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Wilhelmsen A. S. A sold 3,600,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $84.02, for a total transaction of $302,472,000.00. Following the transaction, the insider now directly owns 24,899,253 shares of the company’s stock, valued at approximately $2,092,035,237.06. The disclosure for this sale can be found here. Insiders own 16.80% of the company’s stock.

About Royal Caribbean Cruises

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.

5 Day Chart for NYSE:RCL

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