Royal Caribbean Cruises Ltd. $RCL Shares Bought by Sanders Capital LLC

Sanders Capital LLC increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 85.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,835,116 shares of the company’s stock after purchasing an additional 2,231,864 shares during the period. Royal Caribbean Cruises makes up 1.3% of Sanders Capital LLC’s portfolio, making the stock its 26th biggest position. Sanders Capital LLC’s holdings in Royal Caribbean Cruises were worth $1,285,464,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RCL. BlackRock Inc. acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $6,549,422,000. Primecap Management Co. CA acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $669,804,000. Jupiter Topco LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $597,350,000. Legal & General Group Plc acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $413,449,000. Finally, Bank of New York Mellon Corp bought a new position in Royal Caribbean Cruises in the second quarter valued at approximately $381,271,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.3%

Shares of NYSE RCL traded up $4.13 during midday trading on Friday, reaching $326.86. The company’s stock had a trading volume of 1,534,384 shares, compared to its average volume of 2,123,895. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. Royal Caribbean Cruises Ltd. has a fifty-two week low of $222.22 and a fifty-two week high of $356.39. The stock has a market capitalization of $87.43 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.12 and a beta of 1.88. The stock has a 50 day simple moving average of $275.23 and a 200-day simple moving average of $287.88.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, topping the consensus estimate of $6.38 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.75 earnings per share. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 annualized dividend and a yield of 1.8%. Royal Caribbean Cruises’s payout ratio is 35.52%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RCL shares. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $345.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Weiss Ratings lowered shares of Royal Caribbean Cruises from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. BMO Capital Markets reiterated an “outperform” rating and set a $370.00 target price on shares of Royal Caribbean Cruises in a report on Wednesday, September 23rd. Truist Financial increased their target price on Royal Caribbean Cruises from $297.00 to $298.00 and gave the stock a “hold” rating in a report on Thursday, September 24th. Finally, Wells Fargo & Company lifted their price target on Royal Caribbean Cruises from $358.00 to $361.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $355.62.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Maritza Montiel sold 400 shares of Royal Caribbean Cruises stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $307.21, for a total value of $122,884.00. Following the sale, the director owned 13,202 shares of the company’s stock, valued at approximately $4,055,786.42. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arne Wilhelmsen sold 220,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $329.29, for a total value of $72,443,800.00. Following the sale, the director owned 16,215,910 shares in the company, valued at $5,339,737,003.90. The trade was a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 250,400 shares of company stock valued at $82,263,584. Company insiders own 6.44% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences.

The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.

Founded in 1968, the company is headquartered in Miami, Florida.