Donaldson Capital Management LLC raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.2% during the second quarter, Holdings Channel reports. The fund owned 18,276 shares of the company’s stock after buying an additional 906 shares during the period. Donaldson Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $1,996,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Eqis Capital Management Inc. raised its position in shares of Royal Caribbean Cruises by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock valued at $259,000 after buying an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA raised its position in shares of Royal Caribbean Cruises by 0.4% in the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock valued at $283,000 after buying an additional 11 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Royal Caribbean Cruises by 0.6% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock valued at $402,000 after buying an additional 25 shares during the last quarter. Morse Asset Management Inc raised its position in shares of Royal Caribbean Cruises by 0.7% in the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock valued at $374,000 after buying an additional 25 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Royal Caribbean Cruises by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,863 shares of the company’s stock valued at $1,951,000 after buying an additional 58 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 117.22 on Monday. The firm has a market cap of $25.22 billion, a P/E ratio of 16.45 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 52 week low of $65.10 and a 52 week high of $121.47. The stock has a 50 day moving average of $113.22 and a 200 day moving average of $104.26.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has authorized a stock repurchase program on Friday, April 28th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several brokerages recently weighed in on RCL. Deutsche Bank AG cut their price objective on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a research report on Tuesday, May 2nd. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Nomura raised their price objective on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Wedbush raised their price objective on shares of Royal Caribbean Cruises from $125.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Buckingham Research raised their price objective on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $117.23.

In related news, CEO Richard D. Fain sold 210,706 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the sale, the chief executive officer now owns 967,741 shares in the company, valued at approximately $112,093,440.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bernt Reitan sold 4,793 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the sale, the director now owns 7,862 shares in the company, valued at approximately $921,583.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,499 shares of company stock worth $50,428,411. 15.30% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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