Insider Selling: Royal Caribbean Cruises (NYSE:RCL) Director Sells $50,716,500.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Wilhelmsen sold 150,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $338.11, for a total transaction of $50,716,500.00. Following the completion of the transaction, the director directly owned 15,559,236 shares in the company, valued at $5,260,733,283.96. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arne Alexander Wilhelmsen also recently made the following trade(s):

• On Thursday, November 12th, Arne Wilhelmsen sold 35,000 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $325.50, for a total value of $11,392,500.00.
• On Tuesday, November 10th, Arne Wilhelmsen sold 168,530 shares of Royal Caribbean Cruises stock. The shares were sold at an average price of $338.98, for a total value of $57,128,299.40.
• On Monday, November 9th, Arne Wilhelmsen sold 175,672 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $338.46, for a total value of $59,457,945.12.
• On Friday, November 6th, Arne Wilhelmsen sold 132,472 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $326.39, for a total value of $43,237,536.08.
• On Thursday, November 5th, Arne Wilhelmsen sold 30,000 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $323.23, for a total value of $9,696,900.00.
• On Wednesday, November 4th, Arne Wilhelmsen sold 220,000 shares of Royal Caribbean Cruises stock. The shares were sold at an average price of $329.29, for a total value of $72,443,800.00.

Royal Caribbean Cruises Stock Up 0.4%

Royal Caribbean Cruises stock traded up $1.36 during midday trading on Friday, reaching $323.36. The company’s stock had a trading volume of 1,248,044 shares, compared to its average volume of 2,520,656. The stock’s 50-day simple moving average is $280.34 and its 200-day simple moving average is $288.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.22 and a quick ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52-week low of $222.22 and a 52-week high of $356.39. The stock has a market capitalization of $86.49 billion, a P/E ratio of 19.14, a PEG ratio of 1.17 and a beta of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.38 by $0.19. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the firm earned $5.75 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises’s payout ratio is currently 35.52%.

Analyst Ratings Changes

RCL has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of Royal Caribbean Cruises from $358.00 to $361.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. UBS Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $362.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Northcoast Research cut their target price on Royal Caribbean Cruises from $368.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Finally, Freedom Broker upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and raised their target price for the stock from $351.00 to $379.00 in a research note on Wednesday, October 28th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.88.

Institutional Investors Weigh In On Royal Caribbean Cruises

Large investors have recently bought and sold shares of the company. Kovack Advisors Inc. lifted its position in Royal Caribbean Cruises by 78.5% during the third quarter. Kovack Advisors Inc. now owns 8,598 shares of the company’s stock valued at $2,303,000 after purchasing an additional 3,781 shares during the period. Advisory Alpha LLC boosted its holdings in Royal Caribbean Cruises by 3.9% in the third quarter. Advisory Alpha LLC now owns 1,723 shares of the company’s stock valued at $459,000 after purchasing an additional 65 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Royal Caribbean Cruises by 45.1% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 17,675 shares of the company’s stock worth $4,699,000 after purchasing an additional 5,493 shares during the period. State Board of Administration of Florida Retirement System grew its position in Royal Caribbean Cruises by 7.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 233,015 shares of the company’s stock worth $61,949,000 after purchasing an additional 15,305 shares during the period. Finally, Pinnbrook Capital Management LP acquired a new stake in Royal Caribbean Cruises during the 3rd quarter worth about $1,563,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Trending Headlines about Royal Caribbean Cruises

Investors following RCL have been watching these headlines:

• Positive Sentiment: Zacks highlighted RCL as a strong growth stock, which may attract investors seeking companies with growth characteristics. The article’s excerpt does not provide specific forecasts or new company results. Article: Here’s Why Royal Caribbean (RCL) is a Strong Growth Stock
• Neutral Sentiment: Royal Caribbean held a naming ceremony for its new Legend of the Seas ship. The event reinforces the company’s fleet and vacation offering, but the announcement provides no new financial or booking details. Article: Royal Caribbean Celebrates Legend of the Seas in Veterans Day Naming Ceremony
• Neutral Sentiment: A separate analyst roundup discusses Royal Caribbean, but the provided headline and excerpt contain no specific rating, forecast, or recommendation to assess. Article: Analysts Offer Insights on Consumer Cyclical Companies

About Royal Caribbean Cruises

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences. The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.