Raymond James Financial Services Advisors Inc. increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,370 shares of the company’s stock after buying an additional 881 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $1,788,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. 361 Capital LLC increased its stake in shares of Royal Caribbean Cruises by 100.0% in the second quarter. 361 Capital LLC now owns 16,502 shares of the company’s stock worth $1,803,000 after buying an additional 8,251 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Royal Caribbean Cruises by 1,614.4% in the second quarter. The Manufacturers Life Insurance Company now owns 189,923 shares of the company’s stock worth $20,745,000 after buying an additional 178,845 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $666,000. C M Bidwell & Associates Ltd. increased its stake in shares of Royal Caribbean Cruises by 3.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 92,322 shares of the company’s stock worth $10,084,000 after buying an additional 3,132 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $1,529,000. Institutional investors and hedge funds own 71.49% of the company’s stock.

Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 120.71 on Friday. The stock’s 50 day moving average is $120.86 and its 200 day moving average is $112.95. The firm has a market cap of $25.97 billion, a P/E ratio of 16.93 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post $7.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.99%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $119.61, for a total value of $906,643.80. Following the sale, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adam M. Goldstein sold 120,000 shares of the company’s stock in a transaction on 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 owns 191,252 shares in the company, valued at $22,607,898.92. The disclosure for this sale can be found here. Insiders sold 480,079 shares of company stock worth $56,461,455 over the last quarter. Company insiders own 15.30% of the company’s stock.

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A number of brokerages recently issued reports on RCL. SunTrust Banks, Inc. restated a “buy” rating and issued a $126.00 price target on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Argus lifted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Two equities 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 given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.04.

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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