MetLife Investment Advisors LLC trimmed its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,867 shares of the company’s stock after selling 1,593 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $5,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $145,000. Squar Milner Financial Services LLC acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $164,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Royal Caribbean Cruises by 488.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock valued at $185,000 after purchasing an additional 1,484 shares in the last quarter. Wright Investors Service Inc. acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $204,000. Finally, AdvisorNet Financial Inc acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $207,000. 71.00% of the stock is currently owned by institutional investors.

Shares of RCL opened at $128.74 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.18 and a current ratio of 0.20. Royal Caribbean Cruises Ltd has a one year low of $101.20 and a one year high of $135.65. The company has a market capitalization of $27.02 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.30. Royal Caribbean Cruises had a net margin of 19.31% and a return on equity of 16.50%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company posted $1.71 EPS. Royal Caribbean Cruises’s revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 8.9 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 20th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s payout ratio is 31.87%.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the completion of the transaction, the executive vice president now owns 26,165 shares in the company, valued at approximately $3,285,015.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.26% of the company’s stock.

Several research analysts have recently commented on RCL shares. Morgan Stanley reduced their target price on Royal Caribbean Cruises from $130.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 5th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Citigroup reduced their target price on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, August 17th. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, June 15th. Finally, ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $139.73.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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