Sumitomo Mitsui Asset Management Company LTD lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,180 shares of the company’s stock after selling 586 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Royal Caribbean Cruises were worth $1,562,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RCL. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after acquiring an additional 673,608 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Royal Caribbean Cruises by 1,754.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after acquiring an additional 647,483 shares during the last quarter. Capital Growth Management LP acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $61,933,000. American Century Companies Inc. boosted its holdings in shares of Royal Caribbean Cruises by 9,025.9% in the 2nd quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock valued at $58,075,000 after buying an additional 525,851 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $55,926,000. 71.25% of the stock is owned by hedge funds and other institutional investors.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $119.61, for a total transaction of $906,643.80. Following the transaction, the executive vice president now owns 23,493 shares in the company, valued at approximately $2,809,997.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $121.29, for a total value of $2,425,800.00. Following the transaction, the chief executive officer now owns 927,741 shares in the company, valued at approximately $112,525,705.89. The disclosure for this sale can be found here. Insiders have sold a total of 67,580 shares of company stock worth $8,225,444 in the last quarter. Company insiders own 15.30% of the company’s stock.

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Royal Caribbean Cruises Ltd. (RCL) opened at $123.18 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.12 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $26,497.37, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. Royal Caribbean Cruises Ltd. has a 12-month low of $75.15 and a 12-month high of $128.09.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were given a dividend of $0.60 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. This represents a $2.40 annualized dividend and a yield of 1.95%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 33.71%.

Several research firms have recently commented on RCL. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Nomura increased their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) raised Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and increased their price objective for the company from $99.00 to $115.00 in a report on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $129.00 price objective (up previously from $125.00) on shares of Royal Caribbean Cruises in a report on Tuesday, August 8th. 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.04.

Royal Caribbean Cruises Profile

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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