Sumitomo Mitsui Asset Management Company LTD raised its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 0.6% during the first quarter, HoldingsChannel.com reports. The firm owned 90,805 shares of the company’s stock after purchasing an additional 556 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Royal Caribbean Cruises were worth $10,408,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. JOYN Advisors Inc. grew its stake in shares of Royal Caribbean Cruises by 118.2% in the fourth quarter. JOYN Advisors Inc. now owns 312 shares of the company’s stock valued at $31,000 after buying an additional 169 shares in the last quarter. Athena Capital Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at $32,000. Exane Derivatives grew its stake in shares of Royal Caribbean Cruises by 3,509.1% in the fourth quarter. Exane Derivatives now owns 397 shares of the company’s stock valued at $39,000 after buying an additional 386 shares in the last quarter. First Manhattan Co. acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at $40,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Royal Caribbean Cruises by 92.2% in the first quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after buying an additional 166 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

In other news, SVP Bradley H. Stein sold 5,909 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total transaction of $704,766.43. Following the completion of the transaction, the senior vice president now directly owns 19,874 shares of the company’s stock, valued at approximately $2,370,371.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 8,642 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $117.90, for a total value of $1,018,891.80. Following the completion of the sale, the executive vice president now directly owns 26,048 shares of the company’s stock, valued at $3,071,059.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,166 shares of company stock valued at $8,316,371. Insiders own 13.07% of the company’s stock.

Shares of NYSE:RCL traded up $1.06 on Thursday, hitting $124.83. 5,795 shares of the company’s stock were exchanged, compared to its average volume of 1,539,021. The stock has a market cap of $25.55 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.08 and a beta of 1.51. Royal Caribbean Cruises Ltd has a 1-year low of $89.48 and a 1-year high of $133.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.14 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.20. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. On average, equities research analysts predict that Royal Caribbean Cruises Ltd will post 9.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.24%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.60%.

A number of brokerages have recently weighed in on RCL. Wedbush reaffirmed an “underweight” rating and issued a $145.00 price objective (up from $140.00) on shares of Royal Caribbean Cruises in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Tuesday, April 9th. Buckingham Research boosted their target price on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Citigroup boosted their target price on Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Co boosted their target price on Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $144.57.

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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, Azamara Club Cruises, and Silversea 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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