State of Tennessee Treasury Department grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 23.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,722 shares of the company’s stock after purchasing an additional 19,654 shares during the quarter. State of Tennessee Treasury Department’s holdings in Royal Caribbean Cruises were worth $11,111,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RCL. BlackRock Inc. raised its position in shares of Royal Caribbean Cruises by 3,290.6% during the 1st quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock valued at $1,016,356,000 after buying an additional 10,053,823 shares during the period. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 16,504,950 shares of the company’s stock valued at $1,619,301,000 after buying an additional 555,260 shares during the period. American Century Companies Inc. raised its position in shares of Royal Caribbean Cruises by 9,025.9% during the 2nd quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock valued at $58,075,000 after buying an additional 525,851 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $55,926,000. Finally, Mik Capital LLC purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $51,269,000. 71.60% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 118.82 on Thursday. The firm has a 50 day moving average of $118.47 and a 200 day moving average of $107.66. Royal Caribbean Cruises Ltd. has a 1-year low of $65.10 and a 1-year high of $125.00. The firm has a market cap of $25.56 billion, a P/E ratio of 16.67 and a beta of 1.03.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.97%.

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RCL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Berenberg Bank reaffirmed a “buy” rating and set a $135.00 price target on shares of Royal Caribbean Cruises in a research report on Thursday, August 3rd. J P Morgan Chase & Co raised shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $111.00 to $130.00 in a research report on Thursday, July 20th. Finally, BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and a consensus target price of $118.44.

In related news, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The disclosure for this sale can be found here. In the last three months, insiders sold 460,079 shares of company stock worth $53,714,055. Insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises Company Profile

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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