Carl Domino Inc Has $437,000 Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Carl Domino Inc continued to hold its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the company’s stock at the end of the second quarter. Carl Domino Inc’s holdings in Royal Caribbean Cruises were worth $437,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Baltimore Washington Financial Advisors Inc. increased its stake in Royal Caribbean Cruises by 8.2% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 65,260 shares of the company’s stock worth $5,353,000 after buying an additional 4,950 shares during the period. Teachers Advisors LLC increased its stake in Royal Caribbean Cruises by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 235,140 shares of the company’s stock worth $19,291,000 after buying an additional 18,638 shares during the period. Kentucky Retirement Systems bought a new stake in Royal Caribbean Cruises during the fourth quarter worth about $996,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Royal Caribbean Cruises during the fourth quarter worth about $445,000. Finally, Macquarie Group Ltd. increased its stake in Royal Caribbean Cruises by 162.9% in the fourth quarter. Macquarie Group Ltd. now owns 62,100 shares of the company’s stock worth $5,094,000 after buying an additional 38,483 shares during the period. 71.67% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Ltd. (NYSE RCL) traded down 0.08% on Friday, reaching $117.22. 1,787,406 shares of the company’s stock traded hands. Royal Caribbean Cruises Ltd. has a 52 week low of $65.10 and a 52 week high of $121.47. The stock has a 50-day moving average of $113.22 and a 200 day moving average of $104.26. The firm has a market capitalization of $25.22 billion, a P/E ratio of 16.45 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has initiated a share repurchase program on Friday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of equities research analysts have recently issued reports on RCL shares. Wedbush boosted their price target on shares of Royal Caribbean Cruises from $106.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Royal Caribbean Cruises from $90.00 to $94.00 and gave the company a “sell” rating in a research note on Monday, May 1st. Deutsche Bank AG reduced their price target on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $119.50 price target (up from $117.50) on shares of Royal Caribbean Cruises in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average price target of $117.23.

In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the completion of the sale, the chief executive officer now owns 967,741 shares in the company, valued at $106,083,768.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fain sold 210,706 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the completion of the sale, the chief executive officer now owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The disclosure for this sale can be found here. Insiders have sold 452,499 shares of company stock worth $52,583,811 in the last quarter. Insiders own 15.30% of the company’s stock.

Royal Caribbean Cruises Company 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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