BT Investment Management Ltd purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 90,222 shares of the company’s stock, valued at approximately $10,708,000.

Other large investors have also made changes to their positions in the company. TLP Group LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $105,000. Acrospire Investment Management LLC lifted its stake in Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after purchasing an additional 200 shares during the last quarter. NEXT Financial Group Inc lifted its stake in Royal Caribbean Cruises by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after purchasing an additional 90 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the first quarter worth about $119,000. Finally, Pinebridge Investments L.P. bought a new stake in Royal Caribbean Cruises in the second quarter worth about $121,000. 71.12% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up $1.80 during midday trading on Monday, reaching $124.98. 5,962 shares of the company’s stock traded hands, compared to its average volume of 1,660,000. The company has a quick ratio of 0.12, a current ratio of 0.15 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises Ltd. has a fifty-two week low of $75.15 and a fifty-two week high of $128.09. The stock has a market capitalization of $26,500.00, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.74 and a beta of 1.07.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were issued a $0.60 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is currently 33.29%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction on Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at $2,809,997.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The disclosure for this sale can be found here. Insiders sold 67,580 shares of company stock worth $8,225,444 over the last ninety days. Corporate insiders own 15.30% of the company’s stock.

Several brokerages have issued reports on RCL. SunTrust Banks, Inc. reissued a “buy” rating and issued a $126.00 price objective on shares of Royal Caribbean Cruises in a research note on Sunday, October 15th. Argus raised their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Friday, September 1st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $135.00 price target (up previously from $128.00) on shares of Royal Caribbean Cruises in a research note on Monday. Finally, BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.86.

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About Royal Caribbean Cruises

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

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