Key Points
- Director Arne Wilhelmsen sold 220,000 Royal Caribbean shares for about $72.4 million at an average price of $329.29, reducing his stake by 1.34% to 16.2 million shares. He also sold another 30,000 shares the following day for approximately $9.7 million.
- Royal Caribbean’s latest quarterly results beat earnings expectations, with EPS of $6.57 versus $6.38 forecast, while revenue of $5.59 billion fell slightly short of estimates but grew 8.8% year over year.
- Analysts give the stock a “Moderate Buy” consensus, with an average price target of $355.62; 21 analysts rate it Buy and eight rate it Hold.
Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) Director Arne Wilhelmsen sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $323.23, for a total value of $9,696,900.00. Following the completion of the sale, the director owned 16,185,910 shares of the company's stock, valued at approximately $5,231,771,689.30. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $72,443,800.00.
Royal Caribbean Cruises Stock Performance
Shares of RCL stock opened at $326.86 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.69. The stock has a market cap of $87.43 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.88. Royal Caribbean Cruises Ltd. has a 52-week low of $222.22 and a 52-week high of $356.39. The business has a 50-day simple moving average of $275.23 and a 200-day simple moving average of $287.88.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.38 by $0.19. The firm 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%. Royal Caribbean Cruises's revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.75 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current year.
Royal Caribbean Cruises Announces Dividend
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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises's payout ratio is 35.52%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $345.00 to $394.00 and gave the company an "overweight" rating in a research report on Thursday, September 24th. Northcoast Research reduced their price target on Royal Caribbean Cruises from $368.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, September 24th. Sanford C. Bernstein reissued an "outperform" rating and set a $355.00 price target (down from $380.00) on shares of Royal Caribbean Cruises in a report on Wednesday, September 23rd. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Tuesday, July 28th. Finally, Bank of America upgraded Royal Caribbean Cruises from a "neutral" rating to a "buy" rating and set a $330.00 target price for the company in a research note on Monday, September 28th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $355.62.
Read Our Latest Report on Royal Caribbean Cruises
Institutional Trading of Royal Caribbean Cruises
Several institutional investors have recently modified their holdings of RCL. Diversified Trust Co grew its position in shares of Royal Caribbean Cruises by 19.8% in the third quarter. Diversified Trust Co now owns 23,480 shares of the company's stock valued at $6,242,000 after purchasing an additional 3,882 shares during the period. Moors & Cabot Inc. increased its stake in Royal Caribbean Cruises by 6.9% during the 3rd quarter. Moors & Cabot Inc. now owns 5,453 shares of the company's stock valued at $1,450,000 after purchasing an additional 352 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.5% during the 3rd quarter. Valmark Advisers Inc. now owns 1,324 shares of the company's stock valued at $352,000 after buying an additional 32 shares in the last quarter. Allworth Financial LP raised its position in Royal Caribbean Cruises by 4.7% in the 3rd quarter. Allworth Financial LP now owns 5,602 shares of the company's stock worth $1,489,000 after buying an additional 249 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Royal Caribbean Cruises by 20.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,567 shares of the company's stock valued at $683,000 after purchasing an additional 444 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.
Royal Caribbean Cruises Company Profile
(
Get Free Report)
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.
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