Royal Caribbean Cruises Ltd. (RCL) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,804 shares of the company’s stock after buying an additional 680 shares during the period. Amalgamated Bank’s holdings in Royal Caribbean Cruises were worth $1,158,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in RCL. Cleararc Capital Inc. raised its position in shares of Royal Caribbean Cruises by 0.6% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock worth $402,000 after buying an additional 25 shares during the period. United Capital Financial Advisers LLC raised its position in shares of Royal Caribbean Cruises by 1.1% in the fourth quarter. United Capital Financial Advisers LLC now owns 3,357 shares of the company’s stock worth $275,000 after buying an additional 37 shares during the period. BKD Wealth Advisors LLC raised its position in shares of Royal Caribbean Cruises by 1.1% in the first quarter. BKD Wealth Advisors LLC now owns 3,944 shares of the company’s stock worth $387,000 after buying an additional 42 shares during the period. Buckingham Capital Management Inc. raised its position in shares of Royal Caribbean Cruises by 0.9% in the first quarter. Buckingham Capital Management Inc. now owns 20,132 shares of the company’s stock worth $1,975,000 after buying an additional 177 shares during the period. Finally, CENTRAL TRUST Co raised its position in shares of Royal Caribbean Cruises by 0.4% in the first quarter. CENTRAL TRUST Co now owns 46,834 shares of the company’s stock worth $4,594,000 after buying an additional 178 shares during the period. Institutional investors own 71.15% of the company’s stock.

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

Royal Caribbean Cruises Ltd. (RCL) traded down 1.45% during midday trading on Tuesday, reaching $111.66. 446,107 shares of the company traded hands. Royal Caribbean Cruises Ltd. has a 12 month low of $64.95 and a 12 month high of $114.50. The firm has a 50 day moving average of $109.44 and a 200-day moving average of $96.79. The stock has a market capitalization of $24.02 billion, a price-to-earnings ratio of 17.26 and a beta of 1.08.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Friday, April 28th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Royal Caribbean Cruises had a net margin of 16.29% and a return on equity of 15.91%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. Analysts forecast that Royal Caribbean Cruises Ltd. will post $7.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 2nd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, May 31st. Royal Caribbean Cruises’s payout ratio is currently 29.68%.

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A number of equities analysts have weighed in on the stock. Deutsche Bank AG decreased their price target on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Wednesday, June 14th. Wedbush raised their target price on shares of Royal Caribbean Cruises from $106.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $119.50 target price (up previously from $117.50) on shares of Royal Caribbean Cruises in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.31.

In related news, EVP Harri U. Kulovaara sold 7,527 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $110.00, for a total transaction of $827,970.00. Following the completion of the transaction, the executive vice president now directly owns 29,667 shares in the company, valued at approximately $3,263,370. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $94.92, for a total transaction of $1,898,400.00. Following the transaction, the chief executive officer now owns 1,027,741 shares of the company’s stock, valued at $97,553,175.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,527 shares of company stock valued at $4,881,770. Corporate insiders own 15.30% of the company’s stock.

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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