Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,999 shares of the company’s stock after selling 1,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Royal Caribbean Cruises were worth $835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Neuberger Berman Group LLC increased its stake in Royal Caribbean Cruises by 1.2% in the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after acquiring an additional 28 shares during the period. Signet Financial Management LLC increased its stake in Royal Caribbean Cruises by 4.8% in the second quarter. Signet Financial Management LLC now owns 2,200 shares of the company’s stock valued at $240,000 after acquiring an additional 100 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Royal Caribbean Cruises by 9.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock valued at $146,000 after acquiring an additional 119 shares during the period. Thrivent Financial For Lutherans increased its stake in Royal Caribbean Cruises by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 6,350 shares of the company’s stock valued at $694,000 after acquiring an additional 200 shares during the period. Finally, Virtu KCG Holdings LLC increased its stake in Royal Caribbean Cruises by 1.4% in the second quarter. Virtu KCG Holdings LLC now owns 15,265 shares of the company’s stock valued at $1,667,000 after acquiring an additional 205 shares during the period. 73.23% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the transaction, the chief executive officer now directly owns 847,741 shares in the company, valued at $104,272,143. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 60,000 shares of company stock worth $7,497,200 over the last 90 days. 15.30% of the stock is currently owned by company insiders.

RCL has been the topic of several research analyst reports. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $137.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Argus upped their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Macquarie cut shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $128.54.

Shares of Royal Caribbean Cruises Ltd (RCL) opened at $128.97 on Friday. Royal Caribbean Cruises Ltd has a 52 week low of $84.50 and a 52 week high of $133.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The company has a market cap of $27,610.00, a P/E ratio of 17.22, a PEG ratio of 0.67 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. Royal Caribbean Cruises’s revenue was up .2% compared to the same quarter last year. analysts anticipate that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.40 annualized dividend and a yield of 1.86%. Royal Caribbean Cruises’s dividend payout ratio is currently 32.04%.

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About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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