Royal Caribbean Cruises Ltd (RCL) Stake Decreased by Keybank National Association OH

Keybank National Association OH decreased its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 26.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,538 shares of the company’s stock after selling 4,243 shares during the quarter. Keybank National Association OH’s holdings in Royal Caribbean Cruises were worth $1,376,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. 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 acquiring an additional 1,732,995 shares during the period. American Century Companies Inc. lifted its position in Royal Caribbean Cruises by 73.0% during the 4th quarter. American Century Companies Inc. now owns 2,375,875 shares of the company’s stock worth $283,394,000 after acquiring an additional 1,002,700 shares during the period. Bank of Montreal Can lifted its position in Royal Caribbean Cruises by 71.1% during the 4th quarter. Bank of Montreal Can now owns 1,241,654 shares of the company’s stock worth $148,103,000 after acquiring an additional 515,962 shares during the period. 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 acquiring an additional 430,521 shares during the period. Finally, APG Asset Management N.V. lifted its position in Royal Caribbean Cruises by 75.2% during the 3rd quarter. APG Asset Management N.V. now owns 791,027 shares of the company’s stock worth $93,768,000 after acquiring an additional 339,600 shares during the period. 66.05% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Jason T. Liberty sold 5,892 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $131.19, for a total value of $772,971.48. Following the completion of the transaction, the chief financial officer now owns 43,972 shares in the company, valued at approximately $5,768,686.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the completion of the transaction, the chief executive officer now owns 847,741 shares of the company’s stock, valued at approximately $104,272,143. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,895 shares of company stock valued at $11,554,161. 15.30% of the stock is owned by company insiders.

Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $131.56 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. Royal Caribbean Cruises Ltd has a 52 week low of $93.40 and a 52 week high of $135.65. The firm has a market capitalization of $30,970.99, a PE ratio of 17.49, a P/E/G ratio of 0.68 and a beta of 1.11.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $1.23 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 5.0% compared to the same quarter last year. research analysts forecast that Royal Caribbean Cruises Ltd will post 8.7 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.40 annualized dividend and a dividend yield of 1.82%. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.

RCL has been the subject of a number of research reports. Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 price target (up previously from $128.00) on shares of Royal Caribbean Cruises in a research report on Monday, November 6th. Wedbush reaffirmed an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research lifted their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank lifted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $137.67.

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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).

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

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