Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the sale, the chief executive officer now owns 847,741 shares in the company, valued at $104,272,143. The sale was disclosed in a filing with the SEC, which is available at this link.

Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $125.09 on Friday. The company has a market cap of $26,046.06, a price-to-earnings ratio of 16.40, a PEG ratio of 0.73 and a beta of 1.06. Royal Caribbean Cruises Ltd has a twelve month low of $81.59 and a twelve month high of $133.75. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 EPS. equities research analysts expect that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, December 20th. Royal Caribbean Cruises’s payout ratio is 32.43%.

A number of brokerages recently commented on RCL. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Wedbush reiterated an “outperform” rating and issued a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Wells Fargo & Company reiterated an “outperform” rating and issued a $135.00 target price (up from $128.00) on shares of Royal Caribbean Cruises in a research note on Monday, November 6th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Buckingham Research increased their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $127.28.

Several large investors have recently modified their holdings of RCL. Ameriprise Financial Inc. increased its holdings in shares of Royal Caribbean Cruises by 105.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock worth $400,541,000 after buying an additional 1,732,995 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Royal Caribbean Cruises by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock worth $162,776,000 after buying an additional 841,498 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after buying an additional 673,608 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 1,754.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after buying an additional 647,483 shares during the last quarter. Finally, Capital Growth Management LP bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth $61,933,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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