Cozad Asset Management Inc. Takes Position in Royal Caribbean Cruises Ltd (RCL)

Cozad Asset Management Inc. bought a new position in Royal Caribbean Cruises Ltd (NYSE:RCL) in the second quarter, Holdings Channel reports. The institutional investor bought 20,053 shares of the company’s stock, valued at approximately $2,077,000.

Other hedge funds have also modified their holdings of the company. First Mercantile Trust Co. bought a new stake in Royal Caribbean Cruises in the second quarter worth approximately $145,000. Squar Milner Financial Services LLC bought a new stake in Royal Caribbean Cruises in the second quarter worth approximately $164,000. Bronfman E.L. Rothschild L.P. increased its holdings in Royal Caribbean Cruises by 488.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after purchasing an additional 1,484 shares in the last quarter. NEXT Financial Group Inc bought a new stake in Royal Caribbean Cruises in the first quarter worth approximately $214,000. Finally, Delpha Capital Management LLC bought a new stake in Royal Caribbean Cruises in the first quarter worth approximately $228,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, June 15th. Susquehanna Bancshares boosted their price objective on Royal Caribbean Cruises from $142.00 to $146.00 and gave the company a “positive” rating in a report on Friday, June 15th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Finally, Stifel Nicolaus decreased their price objective on Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $139.73.

NYSE RCL opened at $125.86 on Friday. The company has a market cap of $25.85 billion, a PE ratio of 15.10, a PEG ratio of 0.87 and a beta of 1.18. Royal Caribbean Cruises Ltd has a 52 week low of $101.20 and a 52 week high of $135.65. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.68.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.30. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. Royal Caribbean Cruises’s revenue was up 6.5% compared to the same quarter last year. equities analysts anticipate that Royal Caribbean Cruises Ltd will post 8.9 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.22%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s dividend payout ratio is 31.87%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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