Royal Caribbean Cruises (NYSE:RCL) Director Arne Alexander Wilhelmsen Sells 30,000 Shares of Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Wilhelmsen sold 30,000 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $323.23, for a total value of $9,696,900.00. Following the sale, the director owned 16,185,910 shares in the company, valued at $5,231,771,689.30. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 4th, Arne Wilhelmsen sold 220,000 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $329.29, for a total transaction of $72,443,800.00.

Royal Caribbean Cruises Stock Performance

RCL traded up $4.13 during trading on Friday, hitting $326.86. 1,534,320 shares of the company traded hands, compared to its average volume of 2,536,915. The firm has a market cap of $87.43 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.88. The stock’s fifty day moving average is $274.39 and its 200 day moving average is $287.59. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.69. Royal Caribbean Cruises Ltd. has a one year low of $222.22 and a one year high of $356.39.

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

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders 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 annualized dividend and a dividend yield of 1.8%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.52%.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several institutional investors have recently made changes to their positions in RCL. BlackRock Inc. bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $6,549,422,000. State Street Corp lifted its holdings in Royal Caribbean Cruises by 2.6% during the 2nd quarter. State Street Corp now owns 10,689,134 shares of the company’s stock worth $3,409,971,000 after purchasing an additional 270,930 shares in the last quarter. Sanders Capital LLC lifted its holdings in Royal Caribbean Cruises by 85.7% during the 3rd quarter. Sanders Capital LLC now owns 4,835,116 shares of the company’s stock worth $1,285,464,000 after purchasing an additional 2,231,864 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $669,804,000. Finally, Jupiter Topco LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter worth about $597,350,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RCL. Freedom Broker upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and upped their price objective for the company from $351.00 to $379.00 in a research note on Wednesday, October 28th. BNP Paribas Exane raised their target price on Royal Caribbean Cruises from $357.00 to $392.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Truist Financial boosted their target price on Royal Caribbean Cruises from $297.00 to $298.00 and gave the company a “hold” rating in a research note on Thursday, September 24th. Argus increased their price target on Royal Caribbean Cruises from $330.00 to $375.00 in a research note on Tuesday, July 28th. Finally, Tigress Financial reiterated a “buy” rating and set a $425.00 price target on shares of Royal Caribbean Cruises in a research note on Monday, September 28th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.62.

Royal Caribbean Cruises Company Profile

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.