Diversified Trust Co Acquires 3,882 Shares of Royal Caribbean Cruises Ltd. $RCL

Diversified Trust Co grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,480 shares of the company’s stock after buying an additional 3,882 shares during the quarter. Diversified Trust Co’s holdings in Royal Caribbean Cruises were worth $6,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. lifted its stake in shares of Royal Caribbean Cruises by 6.9% in the 3rd quarter. Moors & Cabot Inc. now owns 5,453 shares of the company’s stock valued at $1,450,000 after acquiring an additional 352 shares during the last quarter. Valmark Advisers Inc. grew its position in Royal Caribbean Cruises by 2.5% during the 3rd quarter. Valmark Advisers Inc. now owns 1,324 shares of the company’s stock worth $352,000 after acquiring an additional 32 shares during the last quarter. Allworth Financial LP grew its position in Royal Caribbean Cruises by 4.7% during the 3rd quarter. Allworth Financial LP now owns 5,602 shares of the company’s stock worth $1,489,000 after acquiring an additional 249 shares during the last quarter. Fisher Asset Management LLC grew its position in Royal Caribbean Cruises by 20.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,567 shares of the company’s stock worth $683,000 after acquiring an additional 444 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Royal Caribbean Cruises by 48.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 351,959 shares of the company’s stock worth $93,491,000 after acquiring an additional 115,369 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Maritza Montiel sold 400 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $307.21, for a total transaction of $122,884.00. Following the transaction, the director owned 13,202 shares in the company, valued at $4,055,786.42. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arne Wilhelmsen sold 35,000 shares of the business’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $325.50, for a total transaction of $11,392,500.00. Following the transaction, the director owned 15,524,236 shares in the company, valued at $5,053,138,818. This represents a 0.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 912,074 shares of company stock worth $304,196,365 in the last ninety days. Insiders own 6.44% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $410.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $355.00 price objective (down from $380.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, September 23rd. Freedom Capital cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $358.00 to $361.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, September 23rd. Twenty-one research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.88.

Royal Caribbean Cruises News Roundup

Investors following RCL have been watching these news items:

• Positive Sentiment: Zacks highlighted RCL as a strong growth stock, which may attract investors seeking companies with growth characteristics. The article’s excerpt does not provide specific forecasts or new company results. Article: Here’s Why Royal Caribbean (RCL) is a Strong Growth Stock
• Neutral Sentiment: Royal Caribbean held a naming ceremony for its new Legend of the Seas ship. The event reinforces the company’s fleet and vacation offering, but the announcement provides no new financial or booking details. Article: Royal Caribbean Celebrates Legend of the Seas in Veterans Day Naming Ceremony
• Negative Sentiment: Three reports describe Royal Caribbean directors selling shares worth approximately $159.8 million in total. Large insider sales can weigh on sentiment, although the headlines do not explain the reasons for the transactions. Article: Director Sells $43,237,536.08 in Stock Article: Director Sells $59,457,945.12 in Stock Article: Director Sells $57,128,299.40 in Stock

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $323.36 on Friday. The stock has a fifty day moving average of $281.51 and a 200 day moving average of $289.00. Royal Caribbean Cruises Ltd. has a 52 week low of $222.22 and a 52 week high of $356.39. The firm has a market capitalization of $86.49 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.12 and a beta of 1.88. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.69.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.38 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.61 billion. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.75 EPS. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. Royal Caribbean Cruises’s payout ratio is presently 35.52%.

About Royal Caribbean Cruises

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences. The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.