Royal Caribbean Cruises Ltd (RCL) Stake Decreased by First National Bank of Omaha

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First National Bank of Omaha decreased its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,995 shares of the company’s stock after selling 241 shares during the period. First National Bank of Omaha’s holdings in Royal Caribbean Cruises were worth $4,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc boosted its stake in Royal Caribbean Cruises by 0.5% during the third quarter. Vanguard Group Inc now owns 17,531,729 shares of the company’s stock valued at $2,278,073,000 after buying an additional 80,826 shares during the last quarter. BlackRock Inc. boosted its stake in Royal Caribbean Cruises by 2.3% during the fourth quarter. BlackRock Inc. now owns 10,873,450 shares of the company’s stock valued at $1,063,315,000 after buying an additional 245,608 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Royal Caribbean Cruises by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,530,247 shares of the company’s stock valued at $247,407,000 after buying an additional 77,740 shares during the last quarter. Geode Capital Management LLC boosted its stake in Royal Caribbean Cruises by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 2,198,984 shares of the company’s stock valued at $214,659,000 after buying an additional 166,909 shares during the last quarter. Finally, Norges Bank bought a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $163,502,000. 71.30% of the stock is owned by hedge funds and other institutional investors.

NYSE:RCL opened at $127.71 on Friday. The company has a market capitalization of $25.35 billion, a PE ratio of 14.41, a P/E/G ratio of 0.87 and a beta of 1.51. Royal Caribbean Cruises Ltd has a 1 year low of $89.48 and a 1 year high of $133.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.15.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.20. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Research analysts expect that Royal Caribbean Cruises Ltd will post 9.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 7th were issued a $0.70 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 2.19%. Royal Caribbean Cruises’s payout ratio is 31.60%.

In other news, SVP Bradley H. Stein sold 5,909 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the sale, the senior vice president now directly owns 19,874 shares in the company, valued at $2,370,371.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen R. Jr. Howe purchased 420 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $119.50 per share, for a total transaction of $50,190.00. Following the completion of the acquisition, the director now owns 1,944 shares of the company’s stock, valued at approximately $232,308. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 69,447 shares of company stock worth $8,271,277. Company insiders own 13.07% of the company’s stock.

A number of equities analysts recently commented on the company. Wedbush reissued an “underweight” rating and set a $145.00 price target (up from $140.00) on shares of Royal Caribbean Cruises in a research note on Thursday. They noted that the move was a valuation call. Buckingham Research increased their price target on Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Deutsche Bank reissued a “buy” rating and set a $140.00 price target on shares of Royal Caribbean Cruises in a research note on Wednesday. Finally, Wells Fargo & Co increased their price target on Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus target price of $142.50.

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Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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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