Royal Caribbean Cruises Ltd (RCL) Shares Bought by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. raised its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,578 shares of the company’s stock after acquiring an additional 354 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Royal Caribbean Cruises were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Royal Caribbean Cruises by 20.3% during the 4th quarter. Bank of America Corp DE now owns 399,132 shares of the company’s stock valued at $39,031,000 after acquiring an additional 67,439 shares during the last quarter. BB&T Corp lifted its position in shares of Royal Caribbean Cruises by 4.1% in the 1st quarter. BB&T Corp now owns 68,148 shares of the company’s stock worth $7,812,000 after buying an additional 2,678 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Royal Caribbean Cruises by 19.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,880 shares of the company’s stock worth $1,064,000 after buying an additional 1,745 shares during the last quarter. Bank of The West lifted its position in shares of Royal Caribbean Cruises by 1.2% in the 1st quarter. Bank of The West now owns 48,038 shares of the company’s stock worth $5,506,000 after buying an additional 557 shares during the last quarter. Finally, Scout Investments Inc. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $12,083,000. Hedge funds and other institutional investors own 72.41% of the company’s stock.

RCL has been the topic of a number of recent research reports. Wedbush restated an “underweight” rating and issued a $145.00 price target (up from $140.00) on shares of Royal Caribbean Cruises in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co raised their price target on shares of Royal Caribbean Cruises from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. Citigroup raised their price target on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Buckingham Research raised their price target on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank restated a “buy” rating and issued a $140.00 price target on shares of Royal Caribbean Cruises in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Royal Caribbean Cruises has a consensus rating of “Buy” and a consensus target price of $144.57.

In related news, CEO Lisa Lutoff-Perlo sold 14,187 shares of Royal Caribbean Cruises stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.75, for a total value of $1,713,080.25. Following the sale, the chief executive officer now directly owns 34,595 shares in the company, valued at approximately $4,177,346.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen R. Jr. Howe acquired 420 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of $119.50 per share, for a total transaction of $50,190.00. Following the completion of the transaction, the director now owns 1,944 shares in the company, valued at $232,308. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 40,440 shares of company stock worth $4,933,191. 13.07% of the stock is currently owned by insiders.

Shares of NYSE:RCL opened at $123.68 on Friday. The stock has a market capitalization of $25.93 billion, a P/E ratio of 13.96, a PEG ratio of 1.11 and a beta of 1.51. Royal Caribbean Cruises Ltd has a fifty-two week low of $89.48 and a fifty-two week 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 data on Wednesday, May 1st. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.20. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.38 billion. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. Royal Caribbean Cruises’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. On average, research analysts expect that Royal Caribbean Cruises Ltd will post 9.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.80 annualized dividend and a yield of 2.26%. Royal Caribbean Cruises’s dividend payout ratio is presently 31.60%.

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Royal Caribbean Cruises Profile

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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