Spirit of America Management Corp NY boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 16.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after buying an additional 700 shares during the period. Spirit of America Management Corp NY’s holdings in Royal Caribbean Cruises were worth $546,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eqis Capital Management Inc. increased its position in Royal Caribbean Cruises by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after buying an additional 8 shares during the period. Granahan Investment Management Inc. MA increased its position in Royal Caribbean Cruises by 0.4% in the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock worth $283,000 after buying an additional 11 shares during the period. Cleararc Capital Inc. increased its position in Royal Caribbean Cruises by 0.6% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock worth $402,000 after buying an additional 25 shares during the period. BKD Wealth Advisors LLC increased its position in Royal Caribbean Cruises by 1.1% in the first quarter. BKD Wealth Advisors LLC now owns 3,944 shares of the company’s stock worth $387,000 after buying an additional 42 shares during the period. Finally, NEXT Financial Group Inc increased its position in Royal Caribbean Cruises by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after buying an additional 90 shares during the period. 71.14% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 2.303% during trading on Thursday, hitting $115.152. The stock had a trading volume of 327,902 shares. Royal Caribbean Cruises Ltd. has a 1-year low of $65.10 and a 1-year high of $116.06. The stock’s 50-day moving average price is $110.94 and its 200-day moving average price is $100.78. The company has a market capitalization of $24.77 billion, a P/E ratio of 17.798 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Friday, April 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. Royal Caribbean Cruises had a net margin of 16.29% and a return on equity of 15.91%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises Ltd. will post $7.23 earnings per share for the current year.

Royal Caribbean Cruises announced that its board has approved a share repurchase program on Friday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 2nd were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, May 31st. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 29.68%.

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A number of research firms recently weighed in on RCL. Deutsche Bank AG dropped their price target on Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $111.00 to $130.00 in a research note on Thursday. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $119.50 price objective (up from $117.50) on shares of Royal Caribbean Cruises in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.31.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,527 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $110.00, for a total value of $827,970.00. Following the completion of the sale, the executive vice president now owns 29,667 shares of the company’s stock, valued at approximately $3,263,370. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $106,083,768.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,527 shares of company stock valued at $5,175,770. 15.30% of the stock is currently owned by insiders.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

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

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