Axa Has $59.28 Million Position in Royal Caribbean Cruises Ltd (RCL)
Axa boosted its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,948 shares of the company’s stock after purchasing an additional 2,999 shares during the quarter. Axa’s holdings in Royal Caribbean Cruises were worth $59,276,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in Royal Caribbean Cruises by 2.2% during the 3rd quarter. Amalgamated Bank now owns 19,703 shares of the company’s stock valued at $2,336,000 after purchasing an additional 429 shares during the period. Eqis Capital Management Inc. boosted its position in Royal Caribbean Cruises by 13.0% during the 4th quarter. Eqis Capital Management Inc. now owns 3,837 shares of the company’s stock valued at $458,000 after purchasing an additional 441 shares during the period. BKD Wealth Advisors LLC boosted its position in Royal Caribbean Cruises by 13.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 3,798 shares of the company’s stock valued at $453,000 after purchasing an additional 460 shares during the period. Private Advisor Group LLC boosted its position in Royal Caribbean Cruises by 10.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,988 shares of the company’s stock valued at $620,000 after purchasing an additional 479 shares during the period. Finally, Bank of The West boosted its position in Royal Caribbean Cruises by 1.9% during the 4th quarter. Bank of The West now owns 26,340 shares of the company’s stock valued at $3,142,000 after purchasing an additional 497 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.
In other news, CFO Jason T. Liberty sold 10,844 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.04, for a total value of $1,431,841.76. Following the sale, the chief financial officer now owns 44,089 shares of the company’s stock, valued at approximately $5,821,511.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the sale, the chief executive officer now directly owns 807,741 shares in the company, valued at approximately $103,471,622.10. The disclosure for this sale can be found here. Insiders sold a total of 120,799 shares of company stock worth $15,490,296 in the last three months. Company insiders own 15.30% of the company’s stock.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. research analysts forecast that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.
Several analysts have weighed in on RCL shares. Buckingham Research lifted their target price on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reaffirmed a “buy” rating and set a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Berenberg Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $137.67.
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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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