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

Royal Caribbean Cruises (NYSE:RCL) opened at 67.86 on Thursday. The stock’s 50 day moving average price is $69.65 and its 200-day moving average price is $73.68. The stock has a market capitalization of $14.61 billion, a PE ratio of 19.37 and a beta of 1.73. Royal Caribbean Cruises has a 52-week low of $64.21 and a 52-week high of $103.40.

Royal Caribbean Cruises (NYSE:RCL) last announced 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 business had revenue of $2.11 billion for 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 company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises will post $6.08 EPS for the current fiscal year.

In other news, CEO Lisa Lutoff-Perlo sold 6,790 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $74.46, for a total value of $505,583.40. Following the sale, the chief executive officer now owns 34,450 shares in the company, valued at $2,565,147. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain bought 29,190 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of $68.52 per share, for a total transaction of $2,000,098.80. Following the purchase, the chief executive officer now directly owns 1,068,881 shares of the company’s stock, valued at $73,239,726.12. The disclosure for this purchase can be found here. 16.80% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of RCL. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Royal Caribbean Cruises by 5.7% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 36,913 shares of the company’s stock worth $2,479,000 after buying an additional 2,000 shares during the last quarter. FMR LLC increased its stake 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 during the last quarter. Credit Suisse AG increased its stake 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 during the last quarter. Scotia Capital Inc. increased its stake in shares of Royal Caribbean Cruises by 1.8% in the second quarter. Scotia Capital Inc. now owns 13,584 shares of the company’s stock worth $914,000 after buying an additional 245 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Royal Caribbean Cruises by 37.4% in the second quarter. OMERS ADMINISTRATION Corp now owns 16,900 shares of the company’s stock worth $1,135,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

A number of equities analysts have issued reports on RCL shares. Stifel Nicolaus reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, September 9th. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a report on Thursday, September 8th. They issued an “outperform” rating and a $90.00 price objective for the company. Citigroup Inc. reiterated a “buy” rating and issued a $95.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, August 24th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. Finally, Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $93.52.

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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