Royal Caribbean Cruises Ltd. (RCL) Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1,614.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 189,923 shares of the company’s stock after purchasing an additional 178,845 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Royal Caribbean Cruises worth $20,745,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Eqis Capital Management Inc. increased its position in Royal Caribbean Cruises by 0.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock valued at $259,000 after purchasing an additional 8 shares during the period. Granahan Investment Management Inc. MA increased its position in Royal Caribbean Cruises by 0.4% during the 1st quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock valued at $283,000 after purchasing an additional 11 shares during the period. Morse Asset Management Inc increased its position in Royal Caribbean Cruises by 0.7% during the 2nd quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock valued at $374,000 after purchasing an additional 25 shares during the period. Neuberger Berman Group LLC increased its position in Royal Caribbean Cruises by 1.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after purchasing an additional 28 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Royal Caribbean Cruises by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,463 shares of the company’s stock valued at $1,361,000 after purchasing an additional 35 shares during the period. 71.49% of the stock is owned by institutional investors and hedge funds.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 210,706 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $112,093,440.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bernt Reitan sold 4,793 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the sale, the director now directly owns 7,862 shares in the company, valued at $921,583.64. The disclosure for this sale can be found here. Insiders have sold 480,079 shares of company stock worth $56,461,455 over the last 90 days. 15.30% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 127.39 on Tuesday. The company has a 50 day moving average price of $120.47 and a 200-day moving average price of $112.22. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $128.09. The company has a market capitalization of $27.40 billion, a PE ratio of 17.87 and a beta of 0.99.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 22nd were given a dividend of $0.60 per share. The ex-dividend date was Thursday, September 21st. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a dividend yield of 1.88%. Royal Caribbean Cruises’s payout ratio is currently 33.71%.

RCL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Thursday, July 27th. BidaskClub downgraded shares of Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Nomura increased their target price on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $131.00 target price (up previously from $112.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, August 2nd. Finally, Buckingham Research increased their target price on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and an average price target of $123.04.

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Royal Caribbean Cruises Company Profile

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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