Affinity Investment Advisors LLC Has $6.58 Million Position in Royal Caribbean Cruises Ltd (RCL)

Affinity Investment Advisors LLC cut its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 35.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,402 shares of the company’s stock after selling 31,720 shares during the period. Affinity Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $6,579,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in RCL. Vanguard Group Inc lifted its holdings in Royal Caribbean Cruises by 0.5% during the third quarter. Vanguard Group Inc now owns 17,531,729 shares of the company’s stock worth $2,278,073,000 after acquiring an additional 80,826 shares in the last quarter. BlackRock Inc. lifted its holdings in Royal Caribbean Cruises by 2.3% during the fourth quarter. BlackRock Inc. now owns 10,873,450 shares of the company’s stock worth $1,063,315,000 after acquiring an additional 245,608 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Royal Caribbean Cruises by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,530,247 shares of the company’s stock worth $247,407,000 after acquiring an additional 77,740 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Royal Caribbean Cruises by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 2,198,984 shares of the company’s stock worth $214,659,000 after acquiring an additional 166,909 shares in the last quarter. Finally, Norges Bank bought a new position in Royal Caribbean Cruises during the fourth quarter worth about $163,502,000. 71.84% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Bradley H. Stein sold 5,909 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the sale, the senior vice president now directly owns 19,874 shares in the company, valued at $2,370,371.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 2,700 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $126.49, for a total value of $341,523.00. Following the completion of the sale, the director now owns 3,081 shares in the company, valued at $389,715.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,440 shares of company stock worth $4,933,191. Corporate insiders own 13.07% of the company’s stock.

Several research analysts have weighed in on RCL shares. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a report on Monday, February 4th. Buckingham Research lifted their target price on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Co lifted their target price on Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. Citigroup lifted their target price on Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Wedbush reiterated an “underweight” rating and set a $145.00 target price (up from $140.00) on shares of Royal Caribbean Cruises in a report on Thursday, May 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $144.57.

Shares of Royal Caribbean Cruises stock opened at $125.72 on Friday. The stock has a market capitalization of $25.55 billion, a PE ratio of 14.19, a PEG ratio of 1.08 and a beta of 1.51. Royal Caribbean Cruises Ltd has a one year low of $89.48 and a one year high of $133.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.14 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.20. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.38 billion. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. Analysts predict that Royal Caribbean Cruises Ltd will post 9.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th will be issued a $0.70 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 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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