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 Thursday, July 11th. The stock was sold at an average price of $110.22, for a total value of $2,204,400.00. Following the transaction, the chief executive officer now owns 910,639 shares of the company’s stock, valued at approximately $100,370,630.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
RCL traded down $0.26 during trading on Friday, hitting $110.14. The company’s stock had a trading volume of 3,207,659 shares, compared to its average volume of 1,547,791. The company’s 50 day moving average price is $119.65. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises Ltd has a 12 month low of $89.48 and a 12 month high of $133.60. The company has a market capitalization of $23.03 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.32.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.20. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, analysts predict that Royal Caribbean Cruises Ltd will post 9.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th were paid a $0.70 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.80 annualized dividend and a dividend yield of 2.54%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 31.60%.
Several equities analysts recently commented on RCL shares. Wedbush restated a “buy” rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Buckingham Research lifted their price objective on Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Citigroup lifted their price objective on SolarWinds from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Deutsche Bank downgraded Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Nomura cut their price objective on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Royal Caribbean Cruises has an average rating of “Hold” and an average target price of $143.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCL. Rational Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 1,060.0% in the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock valued at $27,000 after buying an additional 212 shares during the period. Front Row Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 475.0% in the 1st quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after buying an additional 190 shares during the period. First Manhattan Co. acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $40,000. Parkside Financial Bank & Trust increased its stake in shares of Royal Caribbean Cruises by 92.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after buying an additional 166 shares during the period. Finally, PRW Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $45,000. 72.69% of the stock is owned by institutional investors.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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.
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