Dynamic Technology Lab Private Ltd purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,780 shares of the company’s stock, valued at approximately $959,000.

A number of other large investors have also recently modified their holdings of RCL. Wellington Management Group LLP lifted its holdings in Royal Caribbean Cruises by 148.2% during the first quarter. Wellington Management Group LLP now owns 13,379 shares of the company’s stock valued at $1,313,000 after purchasing an additional 7,988 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Royal Caribbean Cruises by 36.5% during the first quarter. Teachers Advisors LLC now owns 321,081 shares of the company’s stock valued at $31,501,000 after purchasing an additional 85,941 shares in the last quarter. Ngam Advisors L.P. lifted its holdings in Royal Caribbean Cruises by 2.3% during the first quarter. Ngam Advisors L.P. now owns 22,178 shares of the company’s stock valued at $2,176,000 after purchasing an additional 504 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Royal Caribbean Cruises by 4.2% during the first quarter. Thrivent Financial For Lutherans now owns 6,150 shares of the company’s stock valued at $603,000 after purchasing an additional 250 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in Royal Caribbean Cruises by 36.3% during the first quarter. Global X Management Co. LLC now owns 2,941 shares of the company’s stock valued at $289,000 after purchasing an additional 784 shares in the last quarter. 71.49% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on RCL. Nomura lifted their price target on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $126.00 price target on shares of Royal Caribbean Cruises in a report on Sunday. Buckingham Research lifted their price target on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Wedbush lifted their price target on shares of Royal Caribbean Cruises from $125.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) raised shares of Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and lifted their price target for the company from $99.00 to $115.00 in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $123.04.

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Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 0.99% during midday trading on Monday, reaching $126.50. 278,701 shares of the company traded hands. The firm has a market capitalization of $27.21 billion, a PE ratio of 17.75 and a beta of 0.99. The stock has a 50 day moving average price of $120.47 and a 200 day moving average price of $112.22. Royal Caribbean Cruises Ltd. has a 1-year low of $67.53 and a 1-year high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.88%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 33.71%.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $118.95, for a total value of $2,379,000.00. Following the completion of the sale, the chief executive officer now directly owns 947,741 shares of the company’s stock, valued at approximately $112,733,791.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fain sold 210,706 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders sold a total of 460,079 shares of company stock valued at $53,947,455 over the last ninety days. Corporate insiders own 15.30% of the company’s stock.

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).

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

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