Disciplined Growth Investors Inc. MN lessened its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,061,217 shares of the company’s stock after selling 16,075 shares during the period. Royal Caribbean Cruises accounts for approximately 2.6% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 10th biggest position. Disciplined Growth Investors Inc. MN owned about 0.50% of Royal Caribbean Cruises worth $125,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of RCL. Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after buying an additional 673,608 shares during the period. BlackRock Inc. raised its holdings in Royal Caribbean Cruises by 2.5% in the 2nd quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after buying an additional 258,958 shares during the period. Ameriprise Financial Inc. raised its holdings in Royal Caribbean Cruises by 105.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after buying an additional 1,732,995 shares during the period. Bank of New York Mellon Corp raised its holdings in Royal Caribbean Cruises by 34.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock valued at $200,683,000 after buying an additional 430,521 shares during the period. Finally, American Century Companies Inc. raised its holdings in Royal Caribbean Cruises by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after buying an additional 841,498 shares during the period. Institutional investors and hedge funds own 73.28% of the company’s stock.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $1.18 during trading on Monday, hitting $125.23. The stock had a trading volume of 1,276,000 shares, compared to its average volume of 1,556,557. Royal Caribbean Cruises Ltd has a 1-year low of $81.59 and a 1-year high of $133.75. The firm has a market capitalization of $26,810.35, a P/E ratio of 16.88, a PEG ratio of 0.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company posted $3.20 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 32.43%.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. SunTrust Banks restated a “buy” rating and issued a $137.00 price objective on shares of Royal Caribbean Cruises in a report on Friday, November 10th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Macquarie lowered shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Thursday, November 30th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $135.00 price target (up from $128.00) on shares of Royal Caribbean Cruises in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock 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 business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 60,000 shares of company stock valued at $7,415,000. Corporate insiders own 15.30% of the company’s stock.

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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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