California Public Employees Retirement System Buys 26,038 Shares of Royal Caribbean Cruises Ltd (RCL)

California Public Employees Retirement System increased its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 380,408 shares of the company’s stock after buying an additional 26,038 shares during the period. California Public Employees Retirement System’s holdings in Royal Caribbean Cruises were worth $45,375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in Royal Caribbean Cruises by 78.3% in the 2nd quarter. HighTower Advisors LLC now owns 3,879 shares of the company’s stock worth $421,000 after acquiring an additional 1,704 shares during the last quarter. Janus Henderson Group PLC increased its stake in Royal Caribbean Cruises by 221.9% in the 2nd quarter. Janus Henderson Group PLC now owns 62,092 shares of the company’s stock worth $6,783,000 after acquiring an additional 42,800 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Royal Caribbean Cruises in the 2nd quarter worth about $666,000. Raymond James Financial Services Advisors Inc. increased its stake in Royal Caribbean Cruises by 5.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,370 shares of the company’s stock worth $1,788,000 after acquiring an additional 881 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in Royal Caribbean Cruises by 3.5% in the 2nd quarter. Sterling Capital Management LLC now owns 14,635 shares of the company’s stock worth $1,599,000 after acquiring an additional 500 shares during the last quarter. 67.28% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Ltd (RCL) opened at $130.53 on Thursday. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $27,850.00, a PE ratio of 17.33, a PEG ratio of 0.67 and a beta of 1.10. Royal Caribbean Cruises Ltd has a 1 year low of $93.40 and a 1 year high of $135.65.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.84%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.87%.

In other news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $134.55, for a total transaction of $996,208.20. Following the transaction, the chief executive officer now directly owns 33,979 shares in the company, valued at approximately $4,571,874.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total value of $2,562,000.00. Following the transaction, the chief executive officer now owns 807,741 shares in the company, valued at $103,471,622.10. The disclosure for this sale can be found here. Insiders have sold a total of 90,895 shares of company stock worth $11,554,161 over the last quarter. Corporate insiders own 15.30% of the company’s stock.

A number of brokerages have weighed in on RCL. Bank of America upped their target price on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company 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).

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

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