Boston Private Wealth LLC grew its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,128 shares of the company’s stock after buying an additional 1,255 shares during the period. Boston Private Wealth LLC’s holdings in Royal Caribbean Cruises were worth $20,737,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RCL. Advisors Preferred LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at approximately $110,000. NuWave Investment Management LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $185,000. Checchi Capital Advisers LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $207,000. Squar Milner Financial Services LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $207,000. Finally, Delpha Capital Management LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at approximately $228,000. 72.05% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on RCL. ValuEngine cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, May 7th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $152.00 to $153.00 and gave the company a “buy” rating in a report on Friday, April 27th. Finally, Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $136.87.
Shares of NYSE:RCL opened at $104.98 on Friday. Royal Caribbean Cruises Ltd has a 12 month low of $103.76 and a 12 month high of $135.65. The company has a market cap of $22.40 billion, a P/E ratio of 13.94, a PEG ratio of 0.75 and a beta of 1.23. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 0.72.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 26th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Royal Caribbean Cruises had a return on equity of 15.85% and a net margin of 18.52%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. analysts anticipate that Royal Caribbean Cruises Ltd will post 8.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Monday, June 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $2.40 annualized dividend and a dividend yield of 2.29%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.
Royal Caribbean Cruises declared that its board has initiated a stock buyback plan on Wednesday, May 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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