Royal Caribbean Cruises (NYSE:RCL) Director Sells $72,443,800.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Wilhelmsen sold 220,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $329.29, for a total transaction of $72,443,800.00. Following the sale, the director owned 16,215,910 shares of the company’s stock, valued at $5,339,737,003.90. This trade represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Arne Alexander Wilhelmsen also recently made the following trade(s):

• On Thursday, November 5th, Arne Wilhelmsen sold 30,000 shares of Royal Caribbean Cruises stock. The shares were sold at an average price of $323.23, for a total transaction of $9,696,900.00.

Royal Caribbean Cruises Stock Down 0.1%

Royal Caribbean Cruises stock opened at $326.86 on Monday. The firm has a market capitalization of $87.43 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.88. The firm’s fifty day moving average price is $275.23 and its two-hundred day moving average price is $287.88. Royal Caribbean Cruises Ltd. has a 1-year low of $222.22 and a 1-year high of $356.39. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, topping the consensus estimate of $6.38 by $0.19. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the firm posted $5.75 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. Royal Caribbean Cruises’s payout ratio is 35.52%.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several large investors have recently made changes to their positions in RCL. Bell Investment Advisors Inc purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $29,000. NBH Bank bought a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $29,000. Cape Investment Advisory Inc. purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $30,000. Ancora Advisors LLC purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Royal Caribbean Cruises during the 1st quarter valued at $27,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $355.00 price objective (down from $380.00) on shares of Royal Caribbean Cruises in a report on Wednesday, September 23rd. Weiss Ratings lowered Royal Caribbean Cruises from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Barclays lifted their target price on Royal Caribbean Cruises from $337.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Bank of America upgraded Royal Caribbean Cruises from a “neutral” rating to a “buy” rating and set a $330.00 price target for the company in a report on Monday, September 28th. Finally, Argus upped their price target on Royal Caribbean Cruises from $330.00 to $375.00 in a report on Tuesday, July 28th. Twenty-one analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $355.62.

About Royal Caribbean Cruises

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences.

The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.

Founded in 1968, the company is headquartered in Miami, Florida.