Vanguard Group Inc. Purchases 673,608 Shares of Royal Caribbean Cruises Ltd. (RCL)
Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,178,558 shares of the company’s stock after acquiring an additional 673,608 shares during the period. Vanguard Group Inc. owned about 7.99% of Royal Caribbean Cruises worth $1,876,413,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC raised its holdings in shares of Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of Royal Caribbean Cruises by 9.0% during the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after acquiring an additional 90 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $121,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth $119,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Royal Caribbean Cruises by 447.1% during the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock worth $174,000 after acquiring an additional 1,453 shares in the last quarter. Institutional investors and hedge funds own 71.51% of the company’s stock.
Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 0.41% on Friday, hitting $115.71. 236,329 shares of the stock were exchanged. The company has a market capitalization of $24.89 billion, a PE ratio of 16.23 and a beta of 1.03. Royal Caribbean Cruises Ltd. has a 1-year low of $67.06 and a 1-year high of $125.00. The company has a 50-day moving average price of $120.04 and a 200 day moving average price of $109.23.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be paid a $0.60 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.08%. Royal Caribbean Cruises’s dividend payout ratio is presently 26.97%.
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RCL has been the subject of several recent research reports. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Monday, May 29th. ValuEngine raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co raised shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $111.00 to $130.00 in a research report on Thursday, July 20th. Finally, Bank of America Corporation initiated coverage on shares of Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating and a $123.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $118.49.
In related news, CEO Richard D. Fain sold 210,706 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the transaction, the chief executive officer now owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the completion of the transaction, 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 three months, insiders sold 480,079 shares of company stock valued at $56,139,855. 15.30% of the stock is owned by insiders.
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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