Royal Caribbean Cruises (RCL) CEO Sells $2,296,800.00 in Stock

Royal Caribbean Cruises (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $114.84, for a total value of $2,296,800.00. Following the sale, the chief executive officer now owns 885,037 shares of the company’s stock, valued at approximately $101,637,649.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:RCL opened at $115.71 on Tuesday. Royal Caribbean Cruises has a 1 year low of $94.35 and a 1 year high of $135.65. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $24,311.81, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23.

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Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. equities research analysts anticipate that Royal Caribbean Cruises will post 8.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Wednesday, March 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $2.40 dividend on an annualized basis and a yield of 2.07%. Royal Caribbean Cruises’s payout ratio is 31.87%.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Royal Caribbean Cruises by 0.9% in the fourth quarter. BlackRock Inc. now owns 10,999,466 shares of the company’s stock valued at $1,312,016,000 after acquiring an additional 92,772 shares during the period. American Century Companies Inc. grew its stake in Royal Caribbean Cruises by 73.0% in the fourth quarter. American Century Companies Inc. now owns 2,375,875 shares of the company’s stock valued at $283,394,000 after acquiring an additional 1,002,700 shares during the period. Geode Capital Management LLC grew its stake in Royal Caribbean Cruises by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 2,189,435 shares of the company’s stock valued at $260,705,000 after acquiring an additional 135,282 shares during the period. Bank of New York Mellon Corp grew its stake in Royal Caribbean Cruises by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,704,508 shares of the company’s stock valued at $203,313,000 after acquiring an additional 11,551 shares during the period. Finally, Bank of Montreal Can grew its stake in Royal Caribbean Cruises by 71.1% in the fourth quarter. Bank of Montreal Can now owns 1,241,654 shares of the company’s stock valued at $148,103,000 after acquiring an additional 515,962 shares during the period. 74.48% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on RCL. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Bank of America lifted their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. JPMorgan Chase lifted their price objective on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Wedbush reaffirmed an “outperform” rating and set a $145.00 price objective (up from $139.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 25th. Finally, Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus price target of $136.80.

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Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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