Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the sale, the chief executive officer now owns 847,741 shares of the company’s stock, valued at $104,272,143. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Royal Caribbean Cruises Ltd (NYSE:RCL) traded down $0.03 during midday trading on Thursday, hitting $121.66. 1,418,563 shares of the stock were exchanged, compared to its average volume of 1,549,728. 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 52 week low of $81.59 and a 52 week high of $133.75. The firm has a market capitalization of $26,510.63, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the business earned $3.20 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. research analysts predict that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be given a $0.60 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.97%. Royal Caribbean Cruises’s payout ratio is 32.43%.

Several equities research analysts have issued reports on RCL shares. 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 upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Friday, September 1st. SunTrust Banks restated a “buy” rating and set a $137.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, November 10th. Argus raised their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Deutsche Bank raised their price objective on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Two 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $127.28.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after acquiring an additional 1,732,995 shares during the last quarter. American Century Companies Inc. increased its stake in Royal Caribbean Cruises by 158.3% in the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after acquiring an additional 841,498 shares during the last quarter. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after acquiring an additional 673,608 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Royal Caribbean Cruises by 1,754.5% in the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock valued at $74,756,000 after acquiring an additional 647,483 shares during the last quarter. Finally, Capital Growth Management LP bought a new position in Royal Caribbean Cruises in the second quarter valued at approximately $61,933,000. Institutional investors own 73.28% of the company’s stock.

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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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