Huntington National Bank continued to hold its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,307 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Royal Caribbean Cruises were worth $107,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of RCL. IFP Advisors Inc raised its stake in shares of Royal Caribbean Cruises by 33.3% in the first quarter. IFP Advisors Inc now owns 1,416 shares of the company’s stock worth $116,000 after buying an additional 354 shares during the period. Invictus RG purchased a new stake in Royal Caribbean Cruises during the first quarter worth $164,000. Financial Architects Inc raised its stake in Royal Caribbean Cruises by 3,400.0% in the second quarter. Financial Architects Inc now owns 3,500 shares of the company’s stock worth $235,000 after buying an additional 3,400 shares during the last quarter. Creative Planning raised its stake in Royal Caribbean Cruises by 45.8% in the second quarter. Creative Planning now owns 3,894 shares of the company’s stock worth $261,000 after buying an additional 1,224 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Royal Caribbean Cruises during the first quarter worth $266,000. Institutional investors own 75.04% of the company’s stock.
Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 0.03% on Monday, reaching $73.71. The company’s stock had a trading volume of 883,181 shares. Royal Caribbean Cruises Ltd. has a 52-week low of $64.21 and a 52-week high of $103.40. The firm has a market capitalization of $15.87 billion, a P/E ratio of 21.04 and a beta of 1.65. The firm has a 50-day moving average price of $70.49 and a 200 day moving average price of $73.71.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Royal Caribbean Cruises had a return on equity of 14.76% and a net margin of 9.05%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $0.84 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 29th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, September 27th. Royal Caribbean Cruises’s payout ratio is 55.01%.
A number of analysts recently weighed in on the stock. Argus lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Stifel Nicolaus cut their target price on shares of Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Macquarie assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, October 4th. They set an “outperform” rating and a $88.00 target price on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a research note on Thursday, September 8th. They set an “outperform” rating and a $90.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $93.12.
In other news, CEO Richard D. Fain purchased 29,190 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $68.52 per share, for a total transaction of $2,000,098.80. Following the acquisition, the chief executive officer now owns 1,068,881 shares of the company’s stock, valued at $73,239,726.12. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lisa Lutoff-Perlo sold 6,790 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $74.46, for a total value of $505,583.40. Following the completion of the sale, the chief executive officer now owns 34,450 shares of the company’s stock, valued at $2,565,147. The disclosure for this sale can be found here. 16.80% of the stock is owned by insiders.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.
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