US Bancorp DE Reduces Position in Royal Caribbean Cruises Ltd (RCL)

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US Bancorp DE reduced its position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,780 shares of the company’s stock after selling 3,235 shares during the quarter. US Bancorp DE’s holdings in Royal Caribbean Cruises were worth $8,287,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RCL. First Mercantile Trust Co. bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $145,000. Squar Milner Financial Services LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $164,000. Dearborn Partners LLC bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $208,000. Allianz Life Insurance Co. of North America bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $226,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Royal Caribbean Cruises by 488.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after purchasing an additional 1,484 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.

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

A number of analysts have commented on RCL shares. Nomura decreased their price objective on Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating for the company in a report on Friday, October 26th. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $147.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Wednesday, August 8th. Citigroup reduced their target price on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a report on Friday, August 17th. Finally, Deutsche Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $146.00 in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $139.29.

RCL stock opened at $107.17 on Friday. The company has a market capitalization of $22.79 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd has a 12-month low of $97.48 and a 12-month high of $135.65.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.82 billion. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. Analysts anticipate that Royal Caribbean Cruises Ltd will post 8.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.61%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is 37.18%.

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Royal Caribbean Cruises Company 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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