Baltimore Washington Financial Advisors Inc. Cuts Position in Royal Caribbean Cruises Ltd (RCL)

Baltimore Washington Financial Advisors Inc. cut its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 70,628 shares of the company’s stock after selling 2,311 shares during the period. Royal Caribbean Cruises comprises approximately 1.8% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 19th largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $8,424,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Royal Caribbean Cruises by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after buying an additional 673,608 shares in the last quarter. BlackRock Inc. lifted its position in Royal Caribbean Cruises by 2.5% during the 2nd quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock worth $1,159,838,000 after buying an additional 258,958 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Royal Caribbean Cruises by 105.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock worth $400,541,000 after buying an additional 1,732,995 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Royal Caribbean Cruises by 34.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock worth $200,683,000 after buying an additional 430,521 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Royal Caribbean Cruises by 158.3% during the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock worth $162,776,000 after buying an additional 841,498 shares in the last quarter. 73.23% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $123.76, for a total value of $2,475,200.00. Following the transaction, the chief executive officer now owns 895,416 shares in the company, valued at approximately $110,816,684.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 15.30% of the stock is currently owned by corporate insiders.

Several brokerages have commented on RCL. Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. ValuEngine cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Macquarie cut shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and set a $137.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, November 10th. Finally, Deutsche Bank boosted their price target on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $127.28.

Royal Caribbean Cruises Ltd (NYSE RCL) traded up $2.12 during trading on Tuesday, hitting $127.53. 1,523,700 shares of the stock traded hands, compared to its average volume of 1,329,444. The firm has a market cap of $27,190.00, a price-to-earnings ratio of 17.03, a PEG ratio of 0.66 and a beta of 1.06. Royal Caribbean Cruises Ltd has a one year low of $84.03 and a one year high of $133.75. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the 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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business earned $3.20 EPS. Royal Caribbean Cruises’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts anticipate that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.88%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 32.04%.

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Royal Caribbean Cruises 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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