Royal Caribbean Cruises Ltd. (NYSE:RCL) EVP Harri U. Kulovaara sold 7,580 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at $2,809,997.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Royal Caribbean Cruises Ltd. (RCL) traded down 0.40% during trading on Wednesday, hitting $121.23. The stock had a trading volume of 1,515,159 shares. The company has a market cap of $26.08 billion, a P/E ratio of 17.01 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 12-month low of $65.10 and a 12-month high of $122.96. The company has a 50 day moving average of $113.74 and a 200-day moving average of $104.89.

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

Royal Caribbean Cruises declared that its Board of Directors has approved a share repurchase plan on Friday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its position in shares of Royal Caribbean Cruises by 162.9% in the fourth quarter. Macquarie Group Ltd. now owns 62,100 shares of the company’s stock worth $5,094,000 after buying an additional 38,483 shares during the period. Bank of Montreal Can increased its position in shares of Royal Caribbean Cruises by 39.2% in the first quarter. Bank of Montreal Can now owns 128,095 shares of the company’s stock worth $12,568,000 after buying an additional 36,056 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $337,000. Bank of The West increased its position in shares of Royal Caribbean Cruises by 0.7% in the first quarter. Bank of The West now owns 34,275 shares of the company’s stock worth $3,363,000 after buying an additional 222 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $243,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

RCL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) increased their price objective on Royal Caribbean Cruises from $90.00 to $94.00 and gave the company a “sell” rating in a report on Monday, May 1st. Berenberg Bank reissued a “buy” rating and issued a $135.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, August 3rd. Finally, J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $111.00 to $130.00 in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $117.23.

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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