Fmr LLC reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 39.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,621,577 shares of the company’s stock after selling 1,050,244 shares during the period. Fmr LLC owned 0.75% of Royal Caribbean Cruises worth $177,125,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. increased its position in Royal Caribbean Cruises by 0.3% during the second quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock worth $259,000 after purchasing an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA increased its position in Royal Caribbean Cruises by 0.4% during the first quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock worth $283,000 after purchasing an additional 11 shares during the last quarter. Cleararc Capital Inc. increased its position in Royal Caribbean Cruises by 0.6% during the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock worth $402,000 after purchasing an additional 25 shares during the last quarter. Morse Asset Management Inc increased its position in Royal Caribbean Cruises by 0.7% during the second quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock worth $374,000 after purchasing an additional 25 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Royal Caribbean Cruises by 1.2% during the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.

Royal Caribbean Cruises Ltd. (RCL) opened at 121.67 on Thursday. The stock has a 50 day moving average of $119.54 and a 200 day moving average of $110.81. The stock has a market cap of $26.17 billion, a price-to-earnings ratio of 17.07 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 1-year low of $67.53 and a 1-year high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.

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RCL has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Thursday, July 27th. BidaskClub cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Nomura raised their price objective on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. UBS AG restated a “buy” rating and set a $131.00 price objective (up from $112.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, August 2nd. Finally, Buckingham Research raised their price objective on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $119.73.

In related news, EVP Harri U. Kulovaara sold 7,580 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the sale, the chief executive officer now directly owns 927,741 shares of the company’s stock, valued at approximately $112,525,705.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 480,079 shares of company stock valued at $56,139,855. Corporate insiders own 15.30% of the company’s stock.

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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