Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $113.13, for a total value of $2,262,600.00. Following the completion of the sale, the chief executive officer now owns 826,351 shares of the company’s stock, valued at $93,485,088.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Royal Caribbean Cruises stock opened at $114.53 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd has a 52 week low of $89.48 and a 52 week high of $131.04. The stock has a 50 day moving average price of $108.86 and a two-hundred day moving average price of $114.17. The stock has a market capitalization of $23.79 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $4.27 EPS for the quarter, missing the Zacks’ consensus estimate of $4.31 by ($0.04). Royal Caribbean Cruises had a net margin of 17.85% and a return on equity of 17.67%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period last year, the business posted $3.98 EPS. The company’s revenue was up 14.0% on a year-over-year basis. Research analysts forecast that Royal Caribbean Cruises Ltd will post 9.53 EPS for the current year.
The company also recently disclosed a 0.70000 dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 2.8%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.21%.
A number of brokerages have weighed in on RCL. Macquarie upgraded Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $126.00 to $132.00 in a report on Friday, October 18th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating and set a $113.00 target price for the company in a report on Monday, October 14th. Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Thursday, October 10th. Wells Fargo & Co lifted their target price on Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, Deutsche Bank reissued a “buy” rating and issued a $138.00 price objective on shares of Royal Caribbean Cruises in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $145.00.
A number of institutional investors have recently made changes to their positions in the business. FinTrust Capital Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 5,040.0% during the second quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 252 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $31,000. North Star Investment Management Corp. purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $33,000. Central Bank & Trust Co. purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $37,000. Finally, FTB Advisors Inc. boosted its position in shares of Royal Caribbean Cruises by 33.5% during the third quarter. FTB Advisors Inc. now owns 367 shares of the company’s stock valued at $39,000 after buying an additional 92 shares during the last quarter. 72.61% of the stock is owned by hedge funds and other 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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