Schroder Investment Management Group bought a new position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 60,646 shares of the company’s stock, valued at approximately $7,169,000.
Other institutional investors also recently bought and sold shares of the company. TLP Group LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth about $105,000. Acrospire Investment Management LLC grew its holdings in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Royal Caribbean Cruises during the third quarter worth about $119,000. Pinebridge Investments L.P. acquired a new stake in Royal Caribbean Cruises during the second quarter worth about $121,000. Finally, ClariVest Asset Management LLC acquired a new stake in Royal Caribbean Cruises during the third quarter worth about $142,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on RCL shares. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Friday, September 1st. Deutsche Bank raised their target price on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, Wedbush reissued an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $127.28.
Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $125.23 on Friday. The firm has a market capitalization of $26,810.37, a P/E ratio of 16.88, a PEG ratio of 0.75 and a beta of 1.06. Royal Caribbean Cruises Ltd has a 1 year low of $81.59 and a 1 year high of $133.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $3.20 earnings per share. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be given a $0.60 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.43%.
About Royal Caribbean Cruises
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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