Commerzbank Aktiengesellschaft FI increased its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 201.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,512 shares of the company’s stock after buying an additional 8,356 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Royal Caribbean Cruises were worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TLP Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $105,000. Acrospire Investment Management LLC lifted its position in Royal Caribbean Cruises by 25.0% in the 2nd 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 in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at about $119,000. Pinebridge Investments L.P. bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $121,000. Finally, ClariVest Asset Management LLC bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at about $142,000. Institutional investors own 73.28% of the company’s stock.

Royal Caribbean Cruises Ltd (RCL) traded up $0.20 during trading on Thursday, hitting $123.02. 1,370,500 shares of the company’s stock traded hands, compared to its average volume of 1,558,848. Royal Caribbean Cruises Ltd has a 1 year low of $80.60 and a 1 year high of $133.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The company has a market cap of $26,294.40, a PE ratio of 16.55, a P/E/G ratio of 0.73 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm earned $3.20 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. Royal Caribbean Cruises’s dividend payout ratio is currently 32.43%.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 60,000 shares of company stock worth $7,415,000. Insiders own 15.30% of the company’s stock.

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research raised their price target on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank raised their price target on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $126.00 price target on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus price target of $127.28.

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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).

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

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