Creative Planning Sells 476 Shares of Royal Caribbean Cruises Ltd (RCL)

Creative Planning lowered its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 5.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,799 shares of the company’s stock after selling 476 shares during the quarter. Creative Planning’s holdings in Royal Caribbean Cruises were worth $1,143,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Royal Caribbean Cruises by 2.2% in the second quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock worth $1,152,098,000 after acquiring an additional 236,598 shares in the last quarter. FMR LLC increased its position in shares of Royal Caribbean Cruises by 16.5% in the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock worth $607,202,000 after acquiring an additional 830,047 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Royal Caribbean Cruises by 17.6% in the second quarter. Rockefeller Capital Management L.P. now owns 1,377,895 shares of the company’s stock worth $142,750,000 after acquiring an additional 206,047 shares in the last quarter. Vontobel Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 443.4% in the second quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock worth $143,300,000 after acquiring an additional 1,098,502 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Royal Caribbean Cruises by 2.8% in the second quarter. Swiss National Bank now owns 565,238 shares of the company’s stock worth $58,559,000 after acquiring an additional 15,600 shares in the last quarter. 71.29% of the stock is owned by institutional investors.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the sale, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 15.26% of the stock is currently owned by company insiders.

RCL opened at $105.80 on Friday. The firm has a market cap of $22.11 billion, a P/E ratio of 14.05, a PEG ratio of 0.87 and a beta of 1.34. Royal Caribbean Cruises Ltd has a twelve month low of $97.48 and a twelve month high of $135.65. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results 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. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.82 billion. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. Equities analysts forecast that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 37.18%.

Several equities research analysts have recently issued reports on RCL shares. Stifel Nicolaus dropped their price objective on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, July 24th. Bank of America increased their price objective on shares of 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 shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $146.00 in a research report on Wednesday, August 29th. Barclays started coverage on shares of Royal Caribbean Cruises in a research report on Friday, August 3rd. They issued an “overweight” rating for the company. Finally, Nomura lowered their price target on shares of Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $140.33.

Royal Caribbean Cruises 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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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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