Louisiana State Employees Retirement System reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,700 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Royal Caribbean Cruises were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 2.3% in the second quarter. Vanguard Group Inc. now owns 15,394,128 shares of the company’s stock worth $1,033,716,000 after buying an additional 344,473 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Royal Caribbean Cruises by 31.6% in the second quarter. Primecap Management Co. CA now owns 7,721,989 shares of the company’s stock worth $518,532,000 after buying an additional 1,852,117 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Royal Caribbean Cruises by 33.9% in the second quarter. Bessemer Group Inc. now owns 1,521,508 shares of the company’s stock worth $102,169,000 after buying an additional 384,918 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Royal Caribbean Cruises by 3.6% in the second quarter. BlackRock Group LTD now owns 1,382,774 shares of the company’s stock worth $92,853,000 after buying an additional 47,876 shares in the last quarter. Finally, Roystone Capital Management LP raised its stake in shares of Royal Caribbean Cruises by 42.7% in the second quarter. Roystone Capital Management LP now owns 1,336,850 shares of the company’s stock worth $89,769,000 after buying an additional 399,850 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.

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

Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 0.93% during mid-day trading on Friday, reaching $85.09. 1,108,394 shares of the company were exchanged. Royal Caribbean Cruises Ltd. has a 1-year low of $64.21 and a 1-year high of $88.34. The company has a 50 day moving average of $83.83 and a 200-day moving average of $75.06. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 15.05 and a beta of 1.24.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Friday, October 28th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.10 by $0.10. Royal Caribbean Cruises had a net margin of 14.48% and a return on equity of 15.29%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business earned $2.84 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post $6.06 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Wednesday, December 21st were given a $0.48 dividend. The ex-dividend date was Monday, December 19th. This represents a $1.92 annualized dividend and a dividend yield of 2.26%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 33.86%.

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A number of brokerages have recently issued reports on RCL. Sanford C. Bernstein set a $102.00 price objective on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a research report on Tuesday, December 6th. Wedbush set a $88.00 price objective on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a research report on Monday, November 14th. Berenberg Bank reissued a “buy” rating and set a $100.00 price objective on shares of Royal Caribbean Cruises in a research report on Monday, November 7th. SunTrust Banks, Inc. set a $92.00 price objective on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a research report on Wednesday, October 19th. Finally, Vetr raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $87.83 price objective for the company in a research report on Monday, December 19th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $90.86.

In related news, SVP Henry L. Pujol sold 7,600 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $75.93, for a total transaction of $577,068.00. Following the transaction, the senior vice president now directly owns 46,959 shares in the company, valued at $3,565,596.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernt Reitan sold 8,691 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $76.53, for a total transaction of $665,122.23. Following the transaction, the director now owns 19,768 shares in the company, valued at $1,512,845.04. The disclosure for this sale can be found here. 16.80% of the stock is currently owned by insiders.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

5 Day Chart for NYSE:RCL

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