Royal Caribbean Cruises (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $126.33, for a total value of $2,526,600.00. Following the completion of the transaction, the chief executive officer now directly owns 911,737 shares of the company’s stock, valued at approximately $115,179,735.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Royal Caribbean Cruises stock traded down $2.99 during trading hours on Friday, reaching $114.83. 1,106,274 shares of the stock traded hands, compared to its average volume of 1,203,993. The company has a market cap of $24,544.80, a P/E ratio of 15.25, a P/E/G ratio of 0.63 and a beta of 1.23. Royal Caribbean Cruises has a one year low of $93.86 and a one year high of $135.65. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.14. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. research analysts anticipate that Royal Caribbean Cruises will post 8.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Wednesday, March 7th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, March 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.09%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.87%.
Several large investors have recently made changes to their positions in RCL. Fuller & Thaler Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $119,000. ClariVest Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $142,000. Assetmark Inc. grew its stake in shares of Royal Caribbean Cruises by 198.1% during the 3rd quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock valued at $145,000 after acquiring an additional 814 shares during the period. NuWave Investment Management LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $185,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth approximately $204,000. Institutional investors own 74.41% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Thursday. ValuEngine downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday. SunTrust Banks lifted their price objective on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Bank of America lifted their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $136.93.
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About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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