Fifth Third Bancorp held its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,263 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp owned 0.07% of Royal Caribbean Cruises worth $12,012,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Management Co. LLC increased its position in Royal Caribbean Cruises by 92.5% in the third quarter. Global X Management Co. LLC now owns 2,004 shares of the company’s stock worth $150,000 after buying an additional 963 shares during the period. Synovus Financial Corp purchased a new position in Royal Caribbean Cruises during the third quarter worth $231,000. Financial Architects Inc increased its position in Royal Caribbean Cruises by 0.6% in the third quarter. Financial Architects Inc now owns 3,522 shares of the company’s stock worth $263,000 after buying an additional 22 shares during the period. Wetherby Asset Management Inc. increased its position in Royal Caribbean Cruises by 9.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,655 shares of the company’s stock worth $300,000 after buying an additional 317 shares during the period. Finally, Hartwell J M Limited Partnership increased its position in Royal Caribbean Cruises by 19.0% in the third quarter. Hartwell J M Limited Partnership now owns 3,750 shares of the company’s stock worth $281,000 after buying an additional 600 shares during the period. 75.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 0.49% during midday trading on Friday, hitting $95.84. The company had a trading volume of 1,341,050 shares. The firm has a market capitalization of $20.57 billion, a P/E ratio of 16.16 and a beta of 1.23. Royal Caribbean Cruises Ltd. has a 1-year low of $64.95 and a 1-year high of $96.22. The stock has a 50 day moving average price of $88.42 and a 200 day moving average price of $78.00.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, January 26th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. Royal Caribbean Cruises had a net margin of 15.10% and a return on equity of 15.89%. The firm earned $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Tuesday, March 7th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, March 3rd. Royal Caribbean Cruises’s payout ratio is 32.32%.
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Several brokerages have recently commented on RCL. Vetr downgraded Royal Caribbean Cruises from a “buy” rating to a “sell” rating and set a $92.30 price objective for the company. in a research note on Thursday, January 26th. Wedbush increased their price objective on Royal Caribbean Cruises from $88.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Instinet increased their price objective on Royal Caribbean Cruises to $114.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Finally, Barclays PLC set a $115.00 price objective on Royal Caribbean Cruises and gave the stock a “buy” rating in a research note on Saturday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $95.82.
In other news, Director William K. Reilly sold 2,257 shares of the business’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $94.52, for a total transaction of $213,331.64. Following the completion of the sale, the director now owns 15,011 shares of the company’s stock, valued at approximately $1,418,839.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Wilhelmsen A. S. A sold 3,600,000 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $84.02, for a total transaction of $302,472,000.00. Following the sale, the insider now directly owns 24,899,253 shares of the company’s stock, valued at approximately $2,092,035,237.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,632,021 shares of company stock valued at $305,526,385. Insiders own 16.80% of the company’s stock.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.
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