Capital Bank & Trust Co decreased its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 501,403 shares of the company’s stock after selling 14,497 shares during the quarter. Capital Bank & Trust Co owned 0.23% of Royal Caribbean Cruises worth $59,436,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RCL. TLP Group LLC acquired a new position in Royal Caribbean Cruises in the second quarter worth approximately $105,000. Acrospire Investment Management LLC grew its position in Royal Caribbean Cruises by 25.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after purchasing an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the 3rd quarter worth approximately $119,000. Pinebridge Investments L.P. purchased a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $121,000. Finally, ClariVest Asset Management LLC purchased a new position in Royal Caribbean Cruises during the 3rd quarter worth approximately $142,000. Hedge funds and other institutional investors own 73.28% of the company’s stock.

Royal Caribbean Cruises Ltd (NYSE RCL) opened at $125.23 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. Royal Caribbean Cruises Ltd has a fifty-two week low of $81.59 and a fifty-two week high of $133.75. The company has a market cap of $26,810.37, a price-to-earnings ratio of 16.88, a PEG ratio of 0.75 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, beating the 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 business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the company posted $3.20 EPS. Royal Caribbean Cruises’s revenue was up .2% on a year-over-year basis. sell-side analysts predict that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 32.43%.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the transaction, the chief executive officer now directly owns 895,416 shares in the company, valued at approximately $110,816,684.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 60,000 shares of company stock worth $7,415,000. 15.30% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on RCL. Wedbush reiterated an “outperform” rating and set a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research lifted their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank lifted their price objective on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “buy” rating and set a $126.00 price objective on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Two investment 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. The company has a consensus rating of “Buy” and an average target price 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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