Toronto Dominion Bank Has $26.93 Million Stake in Royal Caribbean Cruises Ltd (RCL)

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Toronto Dominion Bank raised its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 118.5% in the 1st quarter, HoldingsChannel reports. The fund owned 234,963 shares of the company’s stock after buying an additional 127,414 shares during the quarter. Toronto Dominion Bank’s holdings in Royal Caribbean Cruises were worth $26,928,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its position in shares of Royal Caribbean Cruises by 3.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,294 shares of the company’s stock worth $263,000 after acquiring an additional 84 shares in the last quarter. Condor Capital Management boosted its position in shares of Royal Caribbean Cruises by 0.9% in the 4th quarter. Condor Capital Management now owns 11,158 shares of the company’s stock valued at $1,091,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Royal Caribbean Cruises by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the company’s stock valued at $1,043,000 after purchasing an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Royal Caribbean Cruises by 0.8% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,922 shares of the company’s stock valued at $1,264,000 after purchasing an additional 103 shares during the period. Finally, Emerald Advisers LLC boosted its position in shares of Royal Caribbean Cruises by 0.6% in the 1st quarter. Emerald Advisers LLC now owns 20,110 shares of the company’s stock valued at $2,305,000 after purchasing an additional 110 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on RCL shares. Wedbush reissued an “underweight” rating and issued a $145.00 target price (up from $140.00) on shares of Royal Caribbean Cruises in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co upped their target price on Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Citigroup upped their target price on Royal Caribbean Cruises from $138.00 to $154.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Buckingham Research upped their target price on Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank reissued a “buy” rating and issued a $140.00 target price on shares of Royal Caribbean Cruises in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have given 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 price target of $144.57.

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 transaction of $704,766.43. Following the completion of the transaction, the senior vice president now directly owns 19,874 shares of the company’s stock, valued at approximately $2,370,371.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael W. Bayley sold 20,084 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $117.72, for a total value of $2,364,288.48. Following the transaction, the chief executive officer now directly owns 62,018 shares of the company’s stock, valued at $7,300,758.96. The disclosure for this sale can be found here. Insiders have sold a total of 69,166 shares of company stock valued at $8,316,371 over the last ninety days. 13.07% of the stock is owned by insiders.

Royal Caribbean Cruises stock opened at $123.58 on Wednesday. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $133.60. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.67. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.08 and a beta of 1.51.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.20. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises Ltd will post 9.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.27%. Royal Caribbean Cruises’s payout ratio is 31.60%.

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About Royal Caribbean Cruises

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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