Comerica Bank decreased its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,265 shares of the company’s stock after selling 1,147 shares during the period. Comerica Bank’s holdings in Royal Caribbean Cruises were worth $3,503,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $123,000. Nisa Investment Advisors LLC grew its stake in Royal Caribbean Cruises by 6.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 74,415 shares of the company’s stock valued at $7,277,000 after purchasing an additional 4,495 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Royal Caribbean Cruises by 13,523.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 30,925 shares of the company’s stock valued at $238,000 after purchasing an additional 30,698 shares in the last quarter. Vanguard Group Inc. grew its stake in Royal Caribbean Cruises by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 17,531,729 shares of the company’s stock valued at $2,278,073,000 after purchasing an additional 80,826 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Royal Caribbean Cruises by 19.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,880 shares of the company’s stock valued at $1,064,000 after purchasing an additional 1,745 shares in the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.
Shares of Royal Caribbean Cruises stock opened at $116.45 on Friday. The firm has a market capitalization of $24.33 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.84 and a beta of 1.53. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. Royal Caribbean Cruises Ltd has a 12 month low of $89.48 and a 12 month high of $133.60.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Wednesday, January 30th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $7.53 earnings per share. As a group, analysts predict that Royal Caribbean Cruises Ltd will post 9.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Thursday, March 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 2.40%. Royal Caribbean Cruises’s payout ratio is 31.60%.
A number of research firms have commented on RCL. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a report on Monday, February 4th. Wolfe Research set a $151.00 price target on Royal Caribbean Cruises and gave the stock a “buy” rating in a report on Tuesday, December 11th. ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Tigress Financial reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, December 7th. Finally, Wells Fargo & Co lifted their target price on Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $140.92.
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 20,084 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $117.72, for a total value of $2,364,288.48. Following the completion of the sale, the chief executive officer now owns 62,018 shares of the company’s stock, valued at $7,300,758.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Jr. Howe purchased 420 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $119.50 per share, with a total value of $50,190.00. Following the transaction, the director now directly owns 1,944 shares of the company’s stock, valued at $232,308. The disclosure for this purchase can be found here. In the last three months, insiders have sold 69,447 shares of company stock valued at $8,271,277. Insiders own 15.26% of the company’s stock.
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Royal Caribbean Cruises Profile
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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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