Royal Caribbean Cruises Ltd. $RCL Stake Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,121 shares of the company’s stock after buying an additional 1,564 shares during the period. Kestra Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $5,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of RCL. Bank of America Corp DE acquired a new position in Royal Caribbean Cruises in the 2nd quarter worth about $321,332,000. Envestnet Asset Management Inc. raised its stake in shares of Royal Caribbean Cruises by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 293,714 shares of the company’s stock worth $93,261,000 after buying an additional 14,018 shares during the period. Quantitative Investment Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $3,586,000. Proficio Capital Partners LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth $650,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Royal Caribbean Cruises during the second quarter worth $39,097,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on RCL shares. Loop Capital raised their price target on shares of Royal Caribbean Cruises from $304.00 to $327.00 in a research note on Wednesday, July 29th. Freedom Broker upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and raised their price objective for the company from $351.00 to $379.00 in a report on Wednesday, October 28th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. BNP Paribas Exane upped their target price on shares of Royal Caribbean Cruises from $357.00 to $392.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Susquehanna boosted their price target on shares of Royal Caribbean Cruises from $355.00 to $360.00 and gave the stock a “positive” rating in a research report on Wednesday, October 28th. Twenty-one research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.88.

Insider Buying and Selling

In related news, Director Maritza Montiel sold 400 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $307.21, for a total value of $122,884.00. Following the completion of the sale, the director owned 13,202 shares in the company, valued at approximately $4,055,786.42. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arne Wilhelmsen sold 220,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $329.29, for a total value of $72,443,800.00. Following the transaction, the director owned 16,215,910 shares of the company’s stock, valued at approximately $5,339,737,003.90. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 727,074 shares of company stock valued at $242,087,365 in the last ninety days. 6.44% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Down 3.8%

Shares of NYSE RCL opened at $322.48 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $222.22 and a 1 year high of $356.39. The company has a market capitalization of $86.25 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.17 and a beta of 1.88. The company has a 50 day simple moving average of $280.34 and a 200-day simple moving average of $288.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.22 and a quick ratio of 0.19.

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

Royal Caribbean Cruises Announces Dividend

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

Royal Caribbean Cruises Profile

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.