Handelsbanken Fonder AB boosted its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 5.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 514,754 shares of the company’s stock after purchasing an additional 28,754 shares during the quarter. Royal Caribbean Cruises comprises 2.4% of Handelsbanken Fonder AB’s portfolio, making the stock its 9th largest position. Handelsbanken Fonder AB’s holdings in Royal Caribbean Cruises were worth $66,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Legacy Capital Partners Inc. grew its holdings in Royal Caribbean Cruises by 7.2% in the third quarter. Legacy Capital Partners Inc. now owns 6,552 shares of the company’s stock worth $851,000 after purchasing an additional 441 shares during the period. Earnest Partners LLC lifted its stake in shares of Royal Caribbean Cruises by 0.4% in the second quarter. Earnest Partners LLC now owns 104,334 shares of the company’s stock worth $10,809,000 after buying an additional 457 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Royal Caribbean Cruises by 5.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,866 shares of the company’s stock worth $919,000 after buying an additional 465 shares in the last quarter. Advisors Capital Management LLC lifted its stake in shares of Royal Caribbean Cruises by 1.4% in the third quarter. Advisors Capital Management LLC now owns 33,424 shares of the company’s stock worth $4,343,000 after buying an additional 473 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Royal Caribbean Cruises by 2.8% in the second quarter. CIBC Asset Management Inc now owns 17,855 shares of the company’s stock worth $1,850,000 after buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

Royal Caribbean Cruises stock traded down $0.16 during midday trading on Friday, reaching $116.47. 9,195 shares of the company traded hands, compared to its average volume of 1,656,088. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.17. Royal Caribbean Cruises Ltd has a 12 month low of $101.20 and a 12 month high of $135.65. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.68.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.30. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Royal Caribbean Cruises had a net margin of 19.31% and a return on equity of 16.50%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises Ltd will post 8.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were given a dividend of $0.70 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.40%. Royal Caribbean Cruises’s dividend payout ratio is 37.18%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the 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 transaction, the executive vice president now directly owns 26,165 shares in the company, valued at $3,285,015.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.26% of the stock is owned by corporate insiders.

RCL has been the topic of several analyst reports. Nomura dropped their target price on shares of Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $147.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Wednesday, August 8th. Citigroup dropped their target price on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, August 17th. Finally, Deutsche Bank upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $146.00 in a research report on Wednesday, August 29th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average target price of $142.07.

About Royal Caribbean Cruises

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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