Royal Caribbean Cruises Ltd. (RCL) Stake Held by Glenmede Trust Co. NA

Glenmede Trust Co. NA maintained its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,327 shares of the company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Royal Caribbean Cruises were worth $601,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. increased its stake in shares of Royal Caribbean Cruises by 17.8% in the first quarter. Prudential Financial Inc. now owns 477,787 shares of the company’s stock valued at $46,875,000 after buying an additional 72,120 shares in the last quarter. Bank of The West increased its stake in shares of Royal Caribbean Cruises by 0.7% in the first quarter. Bank of The West now owns 34,275 shares of the company’s stock valued at $3,363,000 after buying an additional 222 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in shares of Royal Caribbean Cruises by 8.2% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 65,260 shares of the company’s stock valued at $5,353,000 after buying an additional 4,950 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Royal Caribbean Cruises during the first quarter valued at about $1,108,000. Finally, British Columbia Investment Management Corp increased its stake in shares of Royal Caribbean Cruises by 40.9% in the first quarter. British Columbia Investment Management Corp now owns 146,986 shares of the company’s stock valued at $14,421,000 after buying an additional 42,656 shares in the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 109.20 on Monday. The firm has a 50 day moving average price of $110.11 and a 200-day moving average price of $98.24. The company has a market cap of $23.49 billion, a P/E ratio of 16.88 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 12 month low of $65.10 and a 12 month high of $115.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Friday, April 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. Royal Caribbean Cruises had a return on equity of 15.91% and a net margin of 16.29%. The company 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 business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.23 earnings per share for the current fiscal year.

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

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RCL has been the subject of several research analyst reports. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Wednesday, June 7th. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) increased their price objective on Royal Caribbean Cruises from $90.00 to $94.00 and gave the stock a “sell” rating in a research note on Monday, May 1st. Wedbush increased their price objective on Royal Caribbean Cruises from $106.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $119.50 price objective (up from $117.50) on shares of Royal Caribbean Cruises in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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 stock was sold at an average price of $110.00, for a total transaction of $827,970.00. Following the completion of the sale, the executive vice president now directly owns 29,667 shares in the company, valued at $3,263,370. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $94.92, for a total value of $1,898,400.00. Following the sale, the chief executive officer now owns 1,027,741 shares of the company’s stock, valued at $97,553,175.72. The disclosure for this sale can be found here. Insiders sold 47,527 shares of company stock worth $4,881,770 in the last ninety days. 15.30% of the stock is owned by company insiders.

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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