Royal Caribbean Cruises Ltd. (RCL) Shares Sold by Capital International Investors
Capital International Investors lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,672,056 shares of the company’s stock after selling 802,779 shares during the period. Capital International Investors owned approximately 1.71% of Royal Caribbean Cruises worth $401,099,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Royal Caribbean Cruises by 3,290.6% in the 1st quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock worth $1,016,356,000 after acquiring an additional 10,053,823 shares during the period. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after purchasing an additional 673,608 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Royal Caribbean Cruises by 1,754.5% in the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock valued at $74,756,000 after purchasing an additional 647,483 shares in the last quarter. Capital Growth Management LP acquired a new position in shares of Royal Caribbean Cruises in the second quarter valued at $61,933,000. Finally, American Century Companies Inc. raised its stake in shares of Royal Caribbean Cruises by 9,025.9% in the second quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock valued at $58,075,000 after purchasing an additional 525,851 shares in the last quarter. 71.51% of the stock is owned by institutional investors and hedge funds.
Shares of Royal Caribbean Cruises Ltd. (RCL) traded up 0.22% during mid-day trading on Monday, reaching $118.80. The company had a trading volume of 606,394 shares. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 16.67 and a beta of 0.99. The stock has a 50 day moving average of $120.04 and a 200-day moving average of $109.23. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $125.00.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities analysts predict that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.60 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, September 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.02%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 33.71%.
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In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at $106,083,768.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernt Reitan sold 4,793 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total transaction of $561,835.46. Following the completion of the sale, the director now owns 7,862 shares of the company’s stock, valued at $921,583.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 480,079 shares of company stock valued at $56,139,855. Insiders own 15.30% of the company’s stock.
Several brokerages recently commented on RCL. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Thursday, July 27th. BidaskClub cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Nomura increased their price target on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Buckingham Research lifted their price objective on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, UBS AG reaffirmed a “buy” rating and set a $131.00 price objective (up from $112.00) on shares of Royal Caribbean Cruises in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $118.14.
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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