Royal Caribbean Cruises Ltd (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the transaction, the chief executive officer now owns 847,741 shares in the company, valued at approximately $104,272,143. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) opened at $125.09 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $26,780.00, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. Royal Caribbean Cruises Ltd has a 12-month low of $81.59 and a 12-month high of $133.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $3.20 EPS. The business’s revenue was up .2% on a year-over-year basis. equities research analysts anticipate that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be given a $0.60 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio is currently 32.04%.

Several institutional investors and hedge funds have recently modified their holdings of RCL. TLP Group LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $105,000. Acrospire Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after purchasing an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $119,000. Pinebridge Investments L.P. bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $121,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $142,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

RCL has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Friday, September 1st. SunTrust Banks restated a “buy” rating and set a $137.00 price target on shares of Royal Caribbean Cruises in a report on Friday, November 10th. Argus boosted their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Deutsche Bank boosted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average target price of $127.28.

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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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