Northwestern Mutual Wealth Management Co. lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 61.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,607 shares of the company’s stock after selling 4,140 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Royal Caribbean Cruises were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in RCL. NEXT Financial Group Inc lifted its position in shares of Royal Caribbean Cruises by 25.0% during the 1st quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock valued at $107,000 after buying an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $119,000. Acadian Asset Management LLC lifted its position in shares of Royal Caribbean Cruises by 447.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after buying an additional 1,453 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $203,000. Finally, First American Bank purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 71.51% of the company’s stock.

In other news, COO Adam M. Goldstein sold 120,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $118.21, for a total value of $14,185,200.00. Following the sale, the chief operating officer now directly owns 191,252 shares in the company, valued at $22,607,898.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernt Reitan sold 4,793 shares of the company’s 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 $921,583.64. The disclosure for this sale can be found here. Insiders sold 480,079 shares of company stock worth $56,139,855 over the last 90 days. Company insiders own 15.30% of the company’s stock.

RCL has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and increased their target price for the company from $111.00 to $130.00 in a research report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $118.49.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 120.92 on Monday. The firm has a market capitalization of $26.01 billion, a P/E ratio of 16.96 and a beta of 1.03. The firm has a 50 day moving average price of $119.72 and a 200-day moving average price of $108.73. Royal Caribbean Cruises Ltd. has a 52 week low of $65.45 and a 52 week high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be given a $0.60 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is currently 26.97%.

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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).

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

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