Royal Caribbean Cruises Ltd (RCL) Holdings Lifted by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. raised its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,219 shares of the company’s stock after acquiring an additional 5,543 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.07% of Royal Caribbean Cruises worth $17,807,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RCL. Janney Montgomery Scott LLC grew its holdings in shares of Royal Caribbean Cruises by 26.0% during the second quarter. Janney Montgomery Scott LLC now owns 5,420 shares of the company’s stock worth $592,000 after purchasing an additional 1,117 shares during the last quarter. Sei Investments Co. boosted its holdings in Royal Caribbean Cruises by 0.5% in the second quarter. Sei Investments Co. now owns 49,650 shares of the company’s stock valued at $5,423,000 after acquiring an additional 240 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Royal Caribbean Cruises by 36.8% in the second quarter. Global X Management Co. LLC now owns 4,022 shares of the company’s stock valued at $439,000 after acquiring an additional 1,081 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Royal Caribbean Cruises by 3.8% in the second quarter. Wetherby Asset Management Inc. now owns 3,702 shares of the company’s stock valued at $404,000 after acquiring an additional 137 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Royal Caribbean Cruises by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 567,176 shares of the company’s stock valued at $61,953,000 after acquiring an additional 29,833 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 60,000 shares of company stock valued at $7,415,000 in the last quarter. 15.30% of the stock is currently owned by corporate insiders.

Several analysts recently commented on RCL shares. Goldman Sachs Group cut Royal Caribbean Cruises to a “sell” rating in a report on Tuesday, August 15th. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $127.28.

Shares of Royal Caribbean Cruises Ltd (RCL) traded up $0.22 during trading hours on Tuesday, hitting $125.45. The stock had a trading volume of 902,800 shares, compared to its average volume of 1,553,810. Royal Caribbean Cruises Ltd has a one year low of $81.59 and a one year high of $133.75. The firm has a market capitalization of $26,810.35, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Royal Caribbean Cruises’s revenue was up .2% compared to the same quarter last year. research analysts anticipate that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 annualized dividend and a yield of 1.91%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 32.43%.

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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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