GYL Financial Synergies LLC acquired a new stake in Royal Caribbean Cruises Ltd (NYSE:RCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,092 shares of the company’s stock, valued at approximately $205,000.
Other large investors have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $123,000. Nisa Investment Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 6.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 74,415 shares of the company’s stock valued at $7,277,000 after purchasing an additional 4,495 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Royal Caribbean Cruises by 13,523.3% during the third quarter. Rehmann Capital Advisory Group now owns 30,925 shares of the company’s stock valued at $238,000 after purchasing an additional 30,698 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 0.5% during the third quarter. Vanguard Group Inc. now owns 17,531,729 shares of the company’s stock valued at $2,278,073,000 after purchasing an additional 80,826 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Royal Caribbean Cruises by 19.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,880 shares of the company’s stock valued at $1,064,000 after purchasing an additional 1,745 shares during the last quarter. 70.30% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Monday, February 4th. Wolfe Research set a $151.00 target price on Royal Caribbean Cruises and gave the company a “buy” rating in a report on Tuesday, December 11th. ValuEngine lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Tigress Financial reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday, December 7th. Finally, Wells Fargo & Co boosted their price objective on Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $140.92.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.02. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $7.53 earnings per share. On average, analysts predict that Royal Caribbean Cruises Ltd will post 9.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, March 7th will be given a $0.70 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 2.37%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 31.60%.
In other Royal Caribbean Cruises news, SVP Bradley H. Stein sold 5,909 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the completion of the sale, the senior vice president now directly owns 19,874 shares in the company, valued at $2,370,371.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 8,642 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $117.90, for a total value of $1,018,891.80. Following the completion of the sale, the executive vice president now owns 26,048 shares of the company’s stock, valued at $3,071,059.20. The disclosure for this sale can be found here. Insiders sold 69,447 shares of company stock valued at $8,271,277 over the last 90 days. 15.26% of the stock is currently owned by insiders.
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, Azamara Club Cruises, and Silversea 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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