Dana Investment Advisors Inc. lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,977 shares of the company’s stock after selling 10,013 shares during the period. Dana Investment Advisors Inc. owned approximately 0.09% of Royal Caribbean Cruises worth $20,205,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. TLP Group LLC purchased a new stake in Royal Caribbean Cruises during the second quarter valued at about $105,000. Acrospire Investment Management LLC grew its position in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares during the period. NEXT Financial Group Inc grew its position in Royal Caribbean Cruises by 9.0% during the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after acquiring an additional 90 shares during the period. Pinebridge Investments L.P. purchased a new stake in Royal Caribbean Cruises during the second quarter valued at about $121,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Royal Caribbean Cruises during the first quarter valued at about $119,000. 71.51% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Friday, September 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a $135.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $111.00 to $130.00 in a research report on Thursday, July 20th. Finally, BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $119.73.

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Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) traded up 1.97% on Thursday, reaching $124.07. The company had a trading volume of 764,899 shares. The company has a 50-day moving average price of $119.54 and a 200-day moving average price of $110.81. The firm has a market capitalization of $26.69 billion, a PE ratio of 17.41 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 52-week low of $67.53 and a 52-week high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results 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. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current fiscal year.

The firm also recently declared 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 1.97%. The ex-dividend date of this dividend is Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 33.71%.

In other news, COO Adam M. Goldstein sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $117.24, for a total value of $7,034,400.00. Following the sale, the chief operating officer now directly owns 191,252 shares of the company’s stock, valued at $22,422,384.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Adam M. Goldstein sold 120,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $118.21, for a total value of $14,185,200.00. Following the completion of the sale, the chief operating officer now directly owns 191,252 shares in the company, valued at $22,607,898.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 480,079 shares of company stock worth $56,139,855. 15.30% of the stock is currently owned by company insiders.

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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