Global Financial Private Capital LLC boosted its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,974 shares of the company’s stock after purchasing an additional 1,016 shares during the period. Global Financial Private Capital LLC’s holdings in Royal Caribbean Cruises were worth $3,379,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $145,000. Squar Milner Financial Services LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $164,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Royal Caribbean Cruises by 488.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after acquiring an additional 1,484 shares in the last quarter. Wright Investors Service Inc. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $204,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $207,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.

Several research analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Wells Fargo & Co decreased their price target on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Deutsche Bank set a $138.00 price target on shares of Royal Caribbean Cruises and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, Nomura decreased their price target on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average target price of $139.29.

Royal Caribbean Cruises stock opened at $107.17 on Friday. The firm has a market capitalization of $22.79 billion, a PE ratio of 12.56, a PEG ratio of 0.89 and a beta of 1.34. Royal Caribbean Cruises Ltd has a fifty-two week low of $97.48 and a fifty-two week high of $135.65. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, October 25th. The company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, September 20th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s dividend payout ratio is currently 37.18%.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total value of $828,630.00. Following the transaction, the executive vice president now owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.26% of the stock is owned by corporate insiders.

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About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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