Royal Caribbean Cruises Ltd. (NYSE:RCL) declared a quarterly dividend on Monday, September 19th. Investors of record on Thursday, September 29th will be given a dividend of 0.48 per share on Thursday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Tuesday, September 27th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.38.

In related news, CEO Richard D. Fain acquired 29,190 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $68.52 per share, with a total value of $2,000,098.80. Following the completion of the purchase, the chief executive officer now owns 1,068,881 shares in the company, valued at approximately $73,239,726.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael W. Bayley sold 12,183 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $71.07, for a total value of $865,845.81. Following the sale, the chief executive officer now directly owns 82,943 shares of the company’s stock, valued at approximately $5,894,759.01. The disclosure for this sale can be found here. Insiders own 16.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in RCL. Bessemer Group Inc. increased its position in shares of Royal Caribbean Cruises by 33.9% in the second quarter. Bessemer Group Inc. now owns 1,521,508 shares of the company’s stock worth $102,169,000 after buying an additional 384,918 shares in the last quarter. FMR LLC increased its position in shares of Royal Caribbean Cruises by 36.9% in the second quarter. FMR LLC now owns 1,275,955 shares of the company’s stock worth $85,680,000 after buying an additional 343,892 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Royal Caribbean Cruises by 36.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,144,469 shares of the company’s stock worth $76,852,000 after buying an additional 305,495 shares in the last quarter. Pine River Capital Management L.P. acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $6,868,000. Finally, Credit Suisse AG increased its position in shares of Royal Caribbean Cruises by 6.3% in the second quarter. Credit Suisse AG now owns 942,544 shares of the company’s stock worth $63,292,000 after buying an additional 55,984 shares in the last quarter. 75.03% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on RCL. Tigress Financial raised shares of Royal Caribbean Cruises to a “buy” rating in a research report on Tuesday, May 31st. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Argus lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Friday, September 9th. Finally, Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $93.52.

Royal Caribbean Cruises (NYSE:RCL) opened at 67.86 on Thursday. The company has a market cap of $14.61 billion, a price-to-earnings ratio of 19.37 and a beta of 1.73. Royal Caribbean Cruises has a 12-month low of $64.21 and a 12-month high of $103.40. The firm’s 50-day moving average is $69.65 and its 200 day moving average is $73.68.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.17 billion. Royal Caribbean Cruises had a return on equity of 14.76% and a net margin of 9.05%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises will post $6.08 earnings per share for the current fiscal year.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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