Richard D. Fain Sells 20,000 Shares of Royal Caribbean Cruises Ltd. (RCL) Stock
Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Royal Caribbean Cruises Ltd. (RCL) opened at 127.22 on Wednesday. Royal Caribbean Cruises Ltd. has a 12-month low of $67.53 and a 12-month high of $128.09. The stock has a market cap of $27.37 billion, a PE ratio of 17.85 and a beta of 0.99. The firm has a 50 day moving average price of $120.47 and a 200 day moving average price of $112.22.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.89%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is presently 33.71%.
Several institutional investors have recently made changes to their positions in RCL. TLP Group LLC purchased a new position in shares of Royal Caribbean Cruises in the second quarter valued at about $105,000. Acrospire Investment Management LLC lifted its position in shares of Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the first quarter valued at about $119,000. NEXT Financial Group Inc lifted its position in shares of Royal Caribbean Cruises by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after acquiring an additional 90 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of Royal Caribbean Cruises in the second quarter valued at about $121,000. Institutional investors and hedge funds own 71.49% of the company’s stock.
Several research analysts have recently weighed in on RCL shares. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $111.00 to $130.00 in a report on Thursday, July 20th. Bank of America Corporation began coverage on Royal Caribbean Cruises in a report on Monday, July 24th. They set a “neutral” rating and a $123.00 price objective on the stock. Goldman Sachs Group, Inc. (The) began coverage on Royal Caribbean Cruises in a report on Monday, July 24th. They set a “neutral” rating on the stock. Finally, BidaskClub cut Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $123.04.
Royal Caribbean Cruises Company Profile
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).
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