Insider Selling: Royal Caribbean Cruises Ltd. (RCL) CEO Sells $2,425,800.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the completion of the sale, the chief executive officer now directly owns 927,741 shares in the company, valued at approximately $112,525,705.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 120.92 on Friday. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 16.96 and a beta of 1.03. Royal Caribbean Cruises Ltd. has a 12-month low of $65.45 and a 12-month high of $125.00. The firm’s 50-day moving average price is $119.72 and its 200 day moving average price is $108.73.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.98%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.97%.

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A number of equities analysts recently weighed in on RCL shares. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. ValuEngine upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $111.00 to $130.00 in a research report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and an average price target of $118.49.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. raised its stake in shares of Royal Caribbean Cruises by 0.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company’s stock valued at $259,000 after buying an additional 8 shares during the last quarter. Granahan Investment Management Inc. MA raised its stake in shares of Royal Caribbean Cruises by 0.4% during the 1st quarter. Granahan Investment Management Inc. MA now owns 2,882 shares of the company’s stock valued at $283,000 after buying an additional 11 shares during the last quarter. Cleararc Capital Inc. raised its stake in shares of Royal Caribbean Cruises by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 4,095 shares of the company’s stock valued at $402,000 after buying an additional 25 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of Royal Caribbean Cruises by 0.7% during the 2nd quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock valued at $374,000 after buying an additional 25 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Royal Caribbean Cruises by 1.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 71.60% of the company’s stock.

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).

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

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