Royal Caribbean Cruises Ltd (RCL) Stake Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 22.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235,283 shares of the company’s stock after acquiring an additional 228,038 shares during the period. Wells Fargo & Company MN’s holdings in Royal Caribbean Cruises were worth $147,344,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Royal Caribbean Cruises by 148.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock valued at $12,836,000 after acquiring an additional 64,663 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Royal Caribbean Cruises by 10.1% in the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after acquiring an additional 8,960 shares in the last quarter. Invictus RG boosted its holdings in shares of Royal Caribbean Cruises by 167.5% in the third quarter. Invictus RG now owns 2,539 shares of the company’s stock valued at $301,000 after acquiring an additional 1,590 shares in the last quarter. PGGM Investments boosted its holdings in shares of Royal Caribbean Cruises by 198.8% in the third quarter. PGGM Investments now owns 288,965 shares of the company’s stock valued at $34,254,000 after acquiring an additional 192,265 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in shares of Royal Caribbean Cruises by 16.1% in the third quarter. Jaffetilchin Investment Partners LLC now owns 9,962 shares of the company’s stock valued at $1,181,000 after acquiring an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

In related news, SVP Bradley H. Stein sold 9,071 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $124.64, for a total value of $1,130,609.44. Following the completion of the transaction, the senior vice president now owns 17,341 shares of the company’s stock, valued at approximately $2,161,382.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $134.55, for a total transaction of $996,208.20. Following the completion of the transaction, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The disclosure for this sale can be found here. Insiders sold a total of 90,895 shares of company stock valued at $11,554,161 in the last ninety days. Company insiders own 15.30% of the company’s stock.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $131.68 on Monday. The firm has a market cap of $30,970.99, a P/E ratio of 17.49, a P/E/G ratio of 0.68 and a beta of 1.11. Royal Caribbean Cruises Ltd has a 1-year low of $93.40 and a 1-year high of $135.65. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue was up 5.0% on a year-over-year basis. equities research analysts predict that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Wednesday, March 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is 31.87%.

Several research analysts have recently issued reports on RCL shares. SunTrust Banks reiterated a “buy” rating and issued a $137.00 price objective on shares of Royal Caribbean Cruises in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, January 17th. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Macquarie cut shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a report on Thursday, November 30th. Finally, Wedbush restated an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $137.67.

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

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