Insider Selling: Royal Caribbean Cruises Ltd (RCL) CEO Sells $1,060,371.52 in Stock

Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Bradley H. Stein sold 8,528 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $124.34, for a total value of $1,060,371.52. Following the completion of the transaction, the chief executive officer now owns 17,341 shares of the company’s stock, valued at $2,156,179.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Royal Caribbean Cruises Ltd (RCL) opened at $130.53 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18. Royal Caribbean Cruises Ltd has a 52 week low of $93.40 and a 52 week high of $135.65. The company has a market capitalization of $27,850.00, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. sell-side analysts predict that Royal Caribbean Cruises Ltd will post 8.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.84%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 31.87%.

RCL has been the subject of several analyst reports. Wells Fargo & Co reiterated an “outperform” rating and issued a $135.00 price objective (up from $128.00) on shares of Royal Caribbean Cruises in a research report on Monday, November 6th. Wedbush reiterated an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research increased their price objective on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank increased their price objective on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $137.67.

Large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its stake in Royal Caribbean Cruises by 148.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock worth $12,836,000 after purchasing an additional 64,663 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Royal Caribbean Cruises by 10.1% in the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after acquiring an additional 8,960 shares in the last quarter. PGGM Investments raised its stake in shares of Royal Caribbean Cruises by 198.8% in the third quarter. PGGM Investments now owns 288,965 shares of the company’s stock valued at $34,254,000 after acquiring an additional 192,265 shares in the last quarter. Invictus RG raised its stake in shares of Royal Caribbean Cruises by 167.5% in the third quarter. Invictus RG now owns 2,539 shares of the company’s stock valued at $301,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its stake in shares of Royal Caribbean Cruises by 16.1% in the third quarter. Jaffetilchin Investment Partners LLC now owns 9,962 shares of the company’s stock valued at $1,181,000 after acquiring an additional 1,379 shares in the last quarter. Institutional investors own 67.28% of the company’s stock.

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About Royal Caribbean Cruises

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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