Pitcairn Co. bought a new position in Royal Caribbean Cruises Ltd (NYSE:RCL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,138 shares of the company’s stock, valued at approximately $538,000.
A number of other large investors have also recently made changes to their positions in RCL. First Mercantile Trust Co. purchased a new position in Royal Caribbean Cruises in the second quarter worth about $145,000. Squar Milner Financial Services LLC purchased a new position in Royal Caribbean Cruises in the second quarter worth about $164,000. Bronfman E.L. Rothschild L.P. boosted its position in Royal Caribbean Cruises by 488.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after purchasing an additional 1,484 shares during the last quarter. Wright Investors Service Inc. purchased a new position in Royal Caribbean Cruises in the second quarter worth about $204,000. Finally, AdvisorNet Financial Inc purchased a new position in Royal Caribbean Cruises in the second quarter worth about $207,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on RCL shares. Stifel Nicolaus dropped their target price on Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, July 24th. Bank of America raised their target price on Royal Caribbean Cruises from $138.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. Deutsche Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $146.00 in a research report on Wednesday, August 29th. Barclays started coverage on Royal Caribbean Cruises in a research report on Friday, August 3rd. They set an “overweight” rating on the stock. Finally, Nomura lowered their price objective on Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $140.33.
RCL stock opened at $106.12 on Wednesday. Royal Caribbean Cruises Ltd has a twelve month low of $97.48 and a twelve month high of $135.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market cap of $22.11 billion, a PE ratio of 14.09, a P/E/G ratio of 0.87 and a beta of 1.34.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, October 25th. The company reported $3.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, September 20th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 37.18%.
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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, 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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