Royal Caribbean Cruises Ltd (RCL) CEO Richard D. Fain Sells 20,000 Shares

Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $128.60, for a total value of $2,572,000.00. Following the sale, the chief executive officer now owns 942,537 shares in the company, valued at $121,210,258.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $1.50 during trading on Wednesday, reaching $130.53. The company had a trading volume of 1,538,899 shares, compared to its average volume of 1,643,877. Royal Caribbean Cruises Ltd has a one year low of $93.40 and a one year high of $135.65. The company has a market cap of $27,910.00, a PE ratio of 17.33, a P/E/G ratio of 0.67 and a beta of 1.10. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $1.23 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Wednesday, March 7th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.84%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.87%.

A number of institutional investors have recently made changes to their positions in RCL. HighTower Advisors LLC raised its holdings in Royal Caribbean Cruises by 78.3% in the 2nd quarter. HighTower Advisors LLC now owns 3,879 shares of the company’s stock worth $421,000 after purchasing an additional 1,704 shares during the period. Janus Henderson Group PLC raised its holdings in Royal Caribbean Cruises by 221.9% in the 2nd quarter. Janus Henderson Group PLC now owns 62,092 shares of the company’s stock worth $6,783,000 after purchasing an additional 42,800 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Royal Caribbean Cruises in the 2nd quarter worth $666,000. The Manufacturers Life Insurance Company raised its holdings in Royal Caribbean Cruises by 1,614.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 189,923 shares of the company’s stock worth $20,745,000 after purchasing an additional 178,845 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Royal Caribbean Cruises by 5.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,370 shares of the company’s stock worth $1,788,000 after purchasing an additional 881 shares during the period. 67.28% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the company. Bank of America increased their price target on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Berenberg Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, SunTrust Banks reissued a “buy” rating and set a $137.00 price target on shares of Royal Caribbean Cruises in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $137.67.

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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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