Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Lisa Lutoff-Perlo sold 7,948 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $95.42, for a total value of $758,398.16. Following the sale, the chief executive officer now owns 38,454 shares in the company, valued at approximately $3,669,280.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 96.50 on Tuesday. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of 16.27 and a beta of 1.23. Royal Caribbean Cruises Ltd. has a 12 month low of $64.95 and a 12 month high of $97.03. The company has a 50-day moving average price of $88.79 and a 200 day moving average price of $78.24.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, January 26th. The company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.02. The firm earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Royal Caribbean Cruises had a net margin of 15.10% and a return on equity of 15.89%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. Equities analysts predict that Royal Caribbean Cruises Ltd. will post $7.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Tuesday, March 7th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, March 3rd. Royal Caribbean Cruises’s payout ratio is 32.32%.
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Hedge funds have recently modified their holdings of the company. Buckingham Capital Management Inc. raised its position in shares of Royal Caribbean Cruises by 27.6% in the first quarter. Buckingham Capital Management Inc. now owns 14,231 shares of the company’s stock valued at $1,169,000 after buying an additional 3,076 shares during the last quarter. Bank of New York Mellon Corp raised its position in Royal Caribbean Cruises by 36.9% in the third quarter. Bank of New York Mellon Corp now owns 1,992,417 shares of the company’s stock valued at $149,331,000 after buying an additional 536,612 shares in the last quarter. Channing Capital Management LLC raised its position in Royal Caribbean Cruises by 15.9% in the second quarter. Channing Capital Management LLC now owns 290,608 shares of the company’s stock valued at $19,514,000 after buying an additional 39,837 shares in the last quarter. Korea Investment CORP raised its position in Royal Caribbean Cruises by 146.8% in the third quarter. Korea Investment CORP now owns 694,796 shares of the company’s stock valued at $52,075,000 after buying an additional 413,296 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Royal Caribbean Cruises by 2.2% in the third quarter. Teachers Advisors LLC now owns 216,502 shares of the company’s stock valued at $16,227,000 after buying an additional 4,594 shares in the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.
Several analysts have weighed in on the company. Barclays PLC set a $115.00 price target on Royal Caribbean Cruises and gave the company a “buy” rating in a research note on Saturday, January 28th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, December 21st. Argus raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and boosted their price objective for the company from $94.56 to $116.00 in a report on Monday, January 30th. Vetr cut Royal Caribbean Cruises from a “buy” rating to a “sell” rating and set a $92.30 price objective for the company. in a report on Thursday, January 26th. Finally, Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $100.00 to $109.00 and gave the company a “buy” rating in a report on Friday, January 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average price target of $95.87.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.
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