Commonwealth Bank of Australia Buys 70 Shares of Royal Caribbean Cruises Ltd. (RCL)
Commonwealth Bank of Australia raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,725 shares of the company’s stock after purchasing an additional 70 shares during the period. Commonwealth Bank of Australia’s holdings in Royal Caribbean Cruises were worth $2,262,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of RCL. Acadian Asset Management LLC grew its holdings in Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after purchasing an additional 1,453 shares during the period. Canada Pension Plan Investment Board grew its holdings in Royal Caribbean Cruises by 452.1% in the first quarter. Canada Pension Plan Investment Board now owns 41,275 shares of the company’s stock valued at $4,049,000 after purchasing an additional 33,799 shares during the period. Eqis Capital Management Inc. acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $232,000. LSV Asset Management acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $2,570,000. Finally, Suntrust Banks Inc. grew its holdings in Royal Caribbean Cruises by 9.8% in the first quarter. Suntrust Banks Inc. now owns 4,570 shares of the company’s stock valued at $448,000 after purchasing an additional 408 shares during the period. 71.60% of the stock is currently owned by institutional investors.
Several analysts have commented on RCL shares. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Monday, May 29th. ValuEngine raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $111.00 to $130.00 in a report on Thursday, July 20th. Finally, Bank of America Corporation began coverage on Royal Caribbean Cruises in a research note on Monday, July 24th. They issued a “neutral” rating and a $123.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $118.44.
In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $119.61, for a total value of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at $2,809,997.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the completion of the transaction, the chief executive officer now directly owns 967,741 shares in the company, valued at $106,083,768.42. The disclosure for this sale can be found here. Insiders sold 460,079 shares of company stock worth $53,714,055 over the last three months. 15.30% of the stock is currently owned by corporate insiders.
Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 121.69 on Tuesday. The firm has a market capitalization of $26.18 billion, a PE ratio of 17.07 and a beta of 1.03. The company’s 50-day moving average price is $118.79 and its 200 day moving average price is $108.07. Royal Caribbean Cruises Ltd. has a 1-year low of $65.45 and a 1-year high of $125.00.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a yield of 1.97%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.97%.
Royal Caribbean Cruises 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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