Royal Caribbean Cruises Ltd (NYSE:RCL) EVP Harri U. Kulovaara sold 6,600 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total value of $828,630.00. Following the sale, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of RCL stock opened at $129.29 on Friday. The company has a market cap of $25.85 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. Royal Caribbean Cruises Ltd has a 12-month low of $101.20 and a 12-month high of $135.65. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.68.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.30. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 EPS. equities research analysts expect that Royal Caribbean Cruises Ltd will post 8.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is 31.87%.

RCL has been the subject of a number of recent research reports. Deutsche Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $146.00 in a research report on Wednesday, August 29th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Wednesday, August 8th. Citigroup decreased their price objective on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Stifel Nicolaus decreased their price objective on Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, July 24th. Finally, Morgan Stanley decreased their price objective on Royal Caribbean Cruises from $130.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 5th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $139.73.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in Royal Caribbean Cruises by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock valued at $1,152,098,000 after purchasing an additional 236,598 shares in the last quarter. FMR LLC increased its stake in Royal Caribbean Cruises by 16.5% in the 2nd quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after purchasing an additional 830,047 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Royal Caribbean Cruises by 9.1% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,378,897 shares of the company’s stock valued at $280,091,000 after purchasing an additional 197,746 shares in the last quarter. Wells Fargo & Company MN increased its stake in Royal Caribbean Cruises by 19.0% in the 1st quarter. Wells Fargo & Company MN now owns 1,469,759 shares of the company’s stock valued at $173,050,000 after purchasing an additional 234,476 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Royal Caribbean Cruises by 17.6% during the second quarter. Rockefeller Capital Management L.P. now owns 1,377,895 shares of the company’s stock worth $142,750,000 after buying an additional 206,047 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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