Royal Caribbean Cruises Ltd (RCL) CEO Sells $2,562,000.00 in Stock

Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total transaction of $2,562,000.00. Following the completion of the transaction, the chief executive officer now owns 807,741 shares of the company’s stock, valued at approximately $103,471,622.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Royal Caribbean Cruises Ltd (RCL) opened at $128.97 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises Ltd has a 1-year low of $84.26 and a 1-year high of $133.75. The firm has a market cap of $27,610.00, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company earned $3.20 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.86%. Royal Caribbean Cruises’s payout ratio is currently 32.04%.

A number of research analysts recently issued reports on RCL shares. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Friday, September 22nd. ValuEngine downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Argus lifted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Deutsche Bank lifted their price target on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Finally, Macquarie downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and an average target price of $128.54.

Hedge funds have recently added to or reduced their stakes in the business. TLP Group LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $105,000. Acrospire Investment Management LLC increased its holdings in shares of Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at $119,000. Pinebridge Investments L.P. acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $121,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at $142,000. 73.23% of the stock is currently owned by institutional investors.

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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).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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