Disciplined Growth Investors Inc. MN cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,077,292 shares of the company’s stock after selling 4,550 shares during the period. Royal Caribbean Cruises comprises approximately 2.5% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 12th biggest holding. Disciplined Growth Investors Inc. MN owned about 0.50% of Royal Caribbean Cruises worth $117,673,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in RCL. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 4.1% during the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after purchasing an additional 673,608 shares during the period. BlackRock Inc. grew its holdings in Royal Caribbean Cruises by 2.5% during the second quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after purchasing an additional 258,958 shares during the period. State Street Corp grew its holdings in Royal Caribbean Cruises by 3.3% during the first quarter. State Street Corp now owns 7,057,591 shares of the company’s stock valued at $692,420,000 after purchasing an additional 223,444 shares during the period. Dimensional Fund Advisors LP grew its holdings in Royal Caribbean Cruises by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,911,924 shares of the company’s stock valued at $285,711,000 after purchasing an additional 290,536 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Royal Caribbean Cruises by 9.2% during the first quarter. Geode Capital Management LLC now owns 1,650,590 shares of the company’s stock valued at $161,708,000 after purchasing an additional 139,623 shares during the period. 71.51% of the stock is owned by institutional investors.
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 1.06% during midday trading on Friday, hitting $126.33. The company had a trading volume of 566,719 shares. The stock has a 50 day moving average price of $120.27 and a 200 day moving average price of $111.84. Royal Caribbean Cruises Ltd. has a 1-year low of $67.53 and a 1-year high of $126.39. The firm has a market capitalization of $27.17 billion, a P/E ratio of 17.72 and a beta of 0.99.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, September 21st. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.
Several equities analysts have weighed in on the company. Argus increased their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Stifel Nicolaus reissued a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. Finally, BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $121.25.
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In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the transaction, the executive vice president now owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The disclosure for this sale can be found here. Insiders have sold a total of 460,079 shares of company stock valued at $53,947,455 in the last three months. Insiders own 15.30% of the company’s stock.
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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