Richard D. Fain Sells 20,000 Shares of Royal Caribbean Cruises Ltd (RCL) Stock
Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total transaction of $2,562,000.00. Following the sale, the chief executive officer now owns 807,741 shares of the company’s stock, valued at $103,471,622.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $3.46 during trading hours on Wednesday, hitting $130.21. 1,754,524 shares of the stock were exchanged, compared to its average volume of 1,280,000. Royal Caribbean Cruises Ltd has a 12 month low of $84.03 and a 12 month high of $133.75. The company has a market capitalization of $27,880.00, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, beating the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $3.20 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. research analysts expect that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is 32.04%.
Several large investors have recently added to or reduced their stakes in the company. TLP Group LLC bought a new position in Royal Caribbean Cruises during the second quarter worth $105,000. Acrospire Investment Management LLC increased its position in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Royal Caribbean Cruises during the third quarter worth $119,000. Pinebridge Investments L.P. bought a new position in Royal Caribbean Cruises during the second quarter worth $121,000. Finally, ClariVest Asset Management LLC bought a new position in Royal Caribbean Cruises during the third quarter worth $142,000. 73.23% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on RCL shares. SunTrust Banks reiterated a “buy” rating and issued a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Friday, September 22nd. Buckingham Research lifted their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Argus lifted their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $128.54.
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).
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