Fiera Capital Corp grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 32.3% during the fourth quarter, HoldingsChannel reports. The firm owned 65,049 shares of the company’s stock after buying an additional 15,898 shares during the period. Fiera Capital Corp’s holdings in Royal Caribbean Cruises were worth $18,143,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in RCL. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Royal Caribbean Cruises by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company’s stock worth $693,000 after buying an additional 30 shares during the last quarter. AlphaStar Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 4.1% in the fourth quarter. AlphaStar Capital Management LLC now owns 779 shares of the company’s stock worth $217,000 after buying an additional 31 shares during the last quarter. Kestra Investment Management LLC increased its stake in shares of Royal Caribbean Cruises by 2.6% in the fourth quarter. Kestra Investment Management LLC now owns 1,208 shares of the company’s stock worth $337,000 after buying an additional 31 shares during the last quarter. Waterloo Capital L.P. increased its stake in shares of Royal Caribbean Cruises by 2.9% in the fourth quarter. Waterloo Capital L.P. now owns 1,191 shares of the company’s stock worth $332,000 after buying an additional 34 shares during the last quarter. Finally, REAP Financial Group LLC increased its stake in shares of Royal Caribbean Cruises by 16.8% in the fourth quarter. REAP Financial Group LLC now owns 243 shares of the company’s stock worth $68,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.
Royal Caribbean Cruises Stock Down 2.9%
RCL stock opened at $271.96 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.20 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 1-year low of $232.10 and a 1-year high of $366.50. The firm has a fifty day moving average price of $271.01 and a two-hundred day moving average price of $283.53. The firm has a market cap of $72.94 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.98 and a beta of 1.77.
Royal Caribbean Cruises Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.2%. Royal Caribbean Cruises’s payout ratio is presently 36.61%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Loop Capital assumed coverage on shares of Royal Caribbean Cruises in a research note on Monday, June 1st. They issued a “hold” rating and a $304.00 price target for the company. Stifel Nicolaus set a $410.00 price target on shares of Royal Caribbean Cruises in a research note on Friday, May 1st. UBS Group dropped their price target on shares of Royal Caribbean Cruises from $321.00 to $309.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. TD Cowen dropped their price target on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Royal Caribbean Cruises from $376.00 to $341.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $344.79.
Read Our Latest Stock Report on Royal Caribbean Cruises
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.
Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
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