Retirement Systems of Alabama Sells 45,408 Shares of Royal Caribbean Cruises Ltd (RCL)

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Retirement Systems of Alabama reduced its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,022 shares of the company’s stock after selling 45,408 shares during the period. Retirement Systems of Alabama’s holdings in Royal Caribbean Cruises were worth $10,268,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Dearborn Partners LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $208,000. Handelsbanken Fonder AB raised its position in shares of Royal Caribbean Cruises by 5.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 514,754 shares of the company’s stock valued at $66,887,000 after buying an additional 28,754 shares during the period. Telemus Capital LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $3,694,000. First Midwest Bank Trust Division raised its position in shares of Royal Caribbean Cruises by 19.1% during the 3rd quarter. First Midwest Bank Trust Division now owns 7,432 shares of the company’s stock valued at $966,000 after buying an additional 1,194 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Royal Caribbean Cruises by 4,206.5% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 140,649 shares of the company’s stock valued at $18,276,000 after buying an additional 137,383 shares during the period. Institutional investors and hedge funds own 71.29% of the company’s stock.

Several research firms have recently commented on RCL. Citigroup reduced their price target on shares of Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Co reduced their price target on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday. ValuEngine lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Deutsche Bank set a $138.00 price target on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Nomura reduced their price target on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $140.33.

Shares of NYSE RCL opened at $104.73 on Thursday. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19. Royal Caribbean Cruises Ltd has a 52-week low of $97.48 and a 52-week high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.01. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.82 billion. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. Analysts predict that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 21st were given a $0.70 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.67%. Royal Caribbean Cruises’s payout ratio is presently 37.18%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total value of $828,630.00. Following the sale, the executive vice president now owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.26% of the stock is owned by insiders.

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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