Royal Caribbean Cruises Ltd (RCL) Shares Bought by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC raised its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,936 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $3,786,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. TLP Group LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $105,000. Acrospire Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the third quarter worth $119,000. Pinebridge Investments L.P. bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $121,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises during the third quarter worth $142,000. Institutional investors own 73.28% of the company’s stock.
Royal Caribbean Cruises Ltd (NYSE RCL) traded down $0.03 during trading hours on Friday, reaching $121.66. The company’s stock had a trading volume of 1,418,500 shares, compared to its average volume of 1,549,728. Royal Caribbean Cruises Ltd has a 1 year low of $81.59 and a 1 year high of $133.75. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $26,052.48, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be paid a $0.60 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.97%. Royal Caribbean Cruises’s payout ratio is 32.43%.
A number of equities research analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and set a $139.00 target price (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Buckingham Research upped their price objective on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank upped their price objective on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $126.00 price objective on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average target price of $127.28.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the transaction, the chief executive officer now directly owns 895,416 shares of the company’s stock, valued at $110,816,684.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 60,000 shares of company stock valued at $7,449,200 over the last ninety days. 15.30% of the stock is owned by insiders.
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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