Royal Caribbean Cruises Ltd. (RCL) Shares Bought by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,570 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Royal Caribbean Cruises were worth $4,541,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of RCL. BlackRock Inc. lifted its stake in shares of Royal Caribbean Cruises by 3,290.6% in the 1st quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock valued at $1,016,356,000 after acquiring an additional 10,053,823 shares during the last quarter. Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,504,950 shares of the company’s stock worth $1,619,301,000 after purchasing an additional 555,260 shares during the last quarter. American Century Companies Inc. raised its position in Royal Caribbean Cruises by 9,025.9% during the 2nd quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after purchasing an additional 525,851 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Royal Caribbean Cruises during the 2nd quarter worth $55,926,000. Finally, Mik Capital LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter worth $51,269,000. 71.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the sale, the chief executive officer now owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares in the company, valued at approximately $2,809,997.73. The disclosure for this sale can be found here. In the last three months, insiders sold 480,079 shares of company stock valued at $56,139,855. Insiders own 15.30% of the company’s stock.
Several research analysts recently issued reports on the company. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. BidaskClub upgraded Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) downgraded Royal Caribbean Cruises to a “sell” rating in a research note on Tuesday, August 15th. Finally, UBS AG reiterated a “buy” rating and set a $131.00 price target (up previously from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus price target of $118.44.
Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 0.692% during trading on Thursday, hitting $123.035. 206,273 shares of the company were exchanged. The stock’s 50-day moving average is $119.04 and its 200-day moving average is $108.35. Royal Caribbean Cruises Ltd. has a 12 month low of $65.45 and a 12 month high of $125.00. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 17.261 and a beta of 1.03.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be paid a $0.60 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.96%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.97%.
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Royal Caribbean Cruises 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).
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