Abner Herrman & Brock LLC increased its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,100 shares of the company’s stock after purchasing an additional 665 shares during the quarter. Royal Caribbean Cruises makes up about 1.6% of Abner Herrman & Brock LLC’s holdings, making the stock its 28th biggest position. Abner Herrman & Brock LLC’s holdings in Royal Caribbean Cruises were worth $8,713,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Royal Caribbean Cruises by 16.5% in the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after acquiring an additional 830,047 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Royal Caribbean Cruises by 5.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,866 shares of the company’s stock valued at $919,000 after acquiring an additional 465 shares during the last quarter. BB&T Securities LLC boosted its stake in Royal Caribbean Cruises by 1,070.7% in the second quarter. BB&T Securities LLC now owns 34,909 shares of the company’s stock valued at $3,616,000 after acquiring an additional 31,927 shares during the last quarter. Raymond James & Associates boosted its stake in Royal Caribbean Cruises by 159.2% in the second quarter. Raymond James & Associates now owns 137,807 shares of the company’s stock valued at $14,277,000 after acquiring an additional 84,644 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Royal Caribbean Cruises by 24.4% in the second quarter. Voya Investment Management LLC now owns 209,898 shares of the company’s stock valued at $21,745,000 after acquiring an additional 41,226 shares during the last quarter. Institutional investors and hedge funds own 71.32% of the company’s stock.
Shares of NYSE RCL traded up $0.79 during midday trading on Friday, hitting $105.69. The company’s stock had a trading volume of 46,827 shares, compared to its average volume of 1,809,196. Royal Caribbean Cruises Ltd has a one year low of $89.48 and a one year 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. The firm has a market cap of $21.81 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36.
The company also recently announced a quarterly dividend, which was paid on Friday, January 4th. Investors of record on Thursday, December 20th 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%. The ex-dividend date of this dividend was Wednesday, December 19th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 37.18%.
A number of research firms have weighed in on RCL. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Friday. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Wolfe Research set a $151.00 target price on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a research note on Tuesday, December 11th. Citigroup lowered their price target on shares of Royal Caribbean Cruises from $136.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, Macquarie boosted their price target on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average price target of $139.86.
In related news, Director Bernt Reitan sold 1,578 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $106.58, for a total transaction of $168,183.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Fain bought 18,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average cost of $105.60 per share, for a total transaction of $1,995,840.00. Following the acquisition, the chief executive officer now directly owns 842,537 shares in the company, valued at approximately $88,971,907.20. The disclosure for this purchase can be found here. Corporate insiders own 15.26% of the company’s stock.
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About Royal Caribbean Cruises
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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