Bluestein R H & Co. purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the company’s stock, valued at approximately $328,000.

A number of other hedge funds have also made changes to their positions in RCL. BlackRock Inc. lifted its stake in Royal Caribbean Cruises by 3,290.6% in the first quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock worth $1,016,356,000 after acquiring an additional 10,053,823 shares during the period. Vanguard Group Inc. lifted its stake in Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after acquiring an additional 673,608 shares during the period. PNC Financial Services Group Inc. lifted its stake in Royal Caribbean Cruises by 1,754.5% in the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after acquiring an additional 647,483 shares during the period. Capital Growth Management LP purchased a new stake in Royal Caribbean Cruises in the second quarter worth $61,933,000. Finally, American Century Companies Inc. lifted its stake in Royal Caribbean Cruises by 9,025.9% in the second quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after acquiring an additional 525,851 shares during the period. 71.51% of the stock is owned by institutional investors.

In related news, Director Bernt Reitan sold 4,793 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total transaction of $561,835.46. Following the completion of the sale, the director now directly owns 7,862 shares in the company, valued at approximately $921,583.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the company’s 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 of the company’s stock, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders have sold a total of 480,079 shares of company stock valued at $56,139,855 over the last 90 days. 15.30% of the stock is currently owned by company insiders.

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RCL has been the subject of a number of research analyst reports. ValuEngine raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Tuesday, May 30th. BidaskClub lowered Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Nomura raised their price target on Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Buckingham Research raised their price target on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $118.14.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business earned $1.09 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be paid a dividend of $0.60 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.

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

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