Royal Caribbean Cruises Ltd (RCL) Holdings Lifted by Donaldson Capital Management LLC

Donaldson Capital Management LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,938 shares of the company’s stock after purchasing an additional 513 shares during the quarter. Donaldson Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $1,598,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RCL. American International Group Inc. raised its position in Royal Caribbean Cruises by 7.5% during the third quarter. American International Group Inc. now owns 60,342 shares of the company’s stock valued at $7,841,000 after buying an additional 4,216 shares during the period. D.A. Davidson & CO. increased its position in Royal Caribbean Cruises by 7.7% in the 3rd quarter. D.A. Davidson & CO. now owns 9,717 shares of the company’s stock worth $1,263,000 after purchasing an additional 692 shares during the last quarter. Gideon Capital Advisors Inc. acquired a new position in Royal Caribbean Cruises in the 3rd quarter worth about $260,000. Brown Advisory Inc. acquired a new position in Royal Caribbean Cruises in the 3rd quarter worth about $201,000. Finally, Baird Financial Group Inc. acquired a new position in Royal Caribbean Cruises in the 3rd quarter worth about $1,256,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

In related news, Director Stephen R. Jr. Howe bought 420 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $119.50 per share, with a total value of $50,190.00. Following the acquisition, the director now owns 1,944 shares in the company, valued at approximately $232,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bradley H. Stein sold 5,909 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the completion of the transaction, the senior vice president now directly owns 19,874 shares of the company’s stock, valued at $2,370,371.98. The disclosure for this sale can be found here. Insiders sold a total of 69,447 shares of company stock valued at $8,271,277 in the last quarter. Corporate insiders own 15.26% of the company’s stock.

RCL has been the subject of several recent analyst reports. Wells Fargo & Co upped their price target on Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Tuesday, April 9th. Finally, ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $140.83.

Shares of NYSE:RCL opened at $122.48 on Wednesday. Royal Caribbean Cruises Ltd has a twelve month low of $89.48 and a twelve month high of $133.60. The company has a market cap of $25.25 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.87 and a beta of 1.52. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.75.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 30th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company earned $7.53 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd will post 9.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 7th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.29%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.60%.

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About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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