Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $125.70, for a total transaction of $2,514,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Royal Caribbean Cruises Ltd. (RCL) opened at 127.39 on Tuesday. The firm has a market capitalization of $27.40 billion, a PE ratio of 17.87 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 12 month low of $67.53 and a 12 month high of $128.09. The firm’s 50 day moving average is $120.47 and its 200-day moving average is $112.22.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is currently 33.71%.
RCL has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. J P Morgan Chase & Co upgraded shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $111.00 to $130.00 in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating for the company. Finally, Bank of America Corporation initiated coverage on shares of Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating and a $123.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $123.04.
Several hedge funds and other institutional investors have recently bought and sold shares of RCL. BlackRock Inc. increased its stake in shares of Royal Caribbean Cruises by 3,290.6% during the 1st quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock valued at $1,016,356,000 after acquiring an additional 10,053,823 shares during the last quarter. Vanguard Group Inc. increased its position in Royal Caribbean Cruises by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after purchasing an additional 673,608 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Royal Caribbean Cruises by 1,754.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after purchasing an additional 647,483 shares in the last quarter. Capital Growth Management LP acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $61,933,000. Finally, American Century Companies Inc. increased its position in Royal Caribbean Cruises by 9,025.9% during the 2nd quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after purchasing an additional 525,851 shares in the last quarter. 71.49% of the stock is owned by institutional investors.
About Royal Caribbean Cruises
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).
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