State of Alaska Department of Revenue boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.0% during the second quarter, Holdings Channel reports. The firm owned 12,876 shares of the company’s stock after buying an additional 1,580 shares during the period. State of Alaska Department of Revenue’s holdings in Royal Caribbean Cruises were worth $1,405,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RCL. Regent Investment Management LLC raised its stake in Royal Caribbean Cruises by 65.8% in the first quarter. Regent Investment Management LLC now owns 12,485 shares of the company’s stock valued at $1,225,000 after buying an additional 4,955 shares during the period. Americafirst Capital Management LLC purchased a new stake in Royal Caribbean Cruises during the first quarter valued at $337,000. BKD Wealth Advisors LLC raised its stake in Royal Caribbean Cruises by 1.1% in the first quarter. BKD Wealth Advisors LLC now owns 3,944 shares of the company’s stock valued at $387,000 after buying an additional 42 shares during the period. Spirit of America Management Corp NY purchased a new stake in Royal Caribbean Cruises during the first quarter valued at $422,000. Finally, Bank of Montreal Can raised its stake in Royal Caribbean Cruises by 39.2% in the first quarter. Bank of Montreal Can now owns 128,095 shares of the company’s stock valued at $12,568,000 after buying an additional 36,056 shares during the period. Institutional investors own 71.14% of the company’s stock.

Shares of Royal Caribbean Cruises Ltd. (RCL) opened at 108.89 on Monday. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 16.83 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 52 week low of $65.10 and a 52 week high of $115.63. The firm has a 50-day moving average of $110.11 and a 200 day moving average of $98.24.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Friday, April 28th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.07. Royal Caribbean Cruises had a net margin of 16.29% and a return on equity of 15.91%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post $7.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 2nd were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, May 31st. This represents a $1.92 annualized dividend and a yield of 1.76%. Royal Caribbean Cruises’s payout ratio is 29.68%.

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Several research firms have weighed in on RCL. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Thursday, June 22nd. ValuEngine upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Deutsche Bank AG cut their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $119.50 target price (up from $117.50) on shares of Royal Caribbean Cruises in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $102.57.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,527 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $110.00, for a total transaction of $827,970.00. Following the transaction, the executive vice president now owns 29,667 shares in the company, valued at $3,263,370. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the transaction, the chief executive officer now owns 967,741 shares in the company, valued at approximately $106,083,768.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,527 shares of company stock worth $5,175,770. Corporate insiders own 15.30% of the company’s stock.

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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