Retirement Systems of Alabama boosted its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,873 shares of the company’s stock after buying an additional 851 shares during the period. Retirement Systems of Alabama’s holdings in Royal Caribbean Cruises were worth $9,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JOYN Advisors Inc. raised its holdings in Royal Caribbean Cruises by 118.2% in the 4th quarter. JOYN Advisors Inc. now owns 312 shares of the company’s stock valued at $31,000 after buying an additional 169 shares during the period. Athena Capital Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $32,000. Exane Derivatives raised its holdings in Royal Caribbean Cruises by 3,509.1% in the 4th quarter. Exane Derivatives now owns 397 shares of the company’s stock valued at $39,000 after buying an additional 386 shares during the period. First Manhattan Co. purchased a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $40,000. Finally, PRW Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Several brokerages recently issued reports on RCL. ValuEngine lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Tuesday, April 9th. Finally, Wells Fargo & Co boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average price target of $140.83.

In other news, SVP Bradley H. Stein sold 5,909 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the completion of the sale, the senior vice president now directly owns 19,874 shares of the company’s stock, valued at $2,370,371.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 20,084 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were 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 directly owns 62,018 shares of the company’s stock, valued at $7,300,758.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,447 shares of company stock valued at $8,271,277. Corporate insiders own 15.26% of the company’s stock.

Shares of NYSE:RCL opened at $120.99 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.15 and a current ratio of 0.17. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.52. Royal Caribbean Cruises Ltd has a 1 year low of $89.48 and a 1 year high of $133.60.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Wednesday, January 30th. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.02. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the company posted $7.53 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Analysts anticipate that Royal Caribbean Cruises Ltd will post 9.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Wednesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is presently 31.60%.

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

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