Key Points
- Director Arne Wilhelmsen sold 150,000 Royal Caribbean shares at an average $338.11, for about $50.7 million. He retained 15.56 million shares, and the sale reduced his ownership by 0.95%.
- Wilhelmsen also reported multiple other sales around the same period, including transactions from 30,000 to 220,000 shares, making the disclosed sales a broader stretch of insider selling.
- Royal Caribbean’s latest quarterly EPS of $6.57 topped estimates of $6.38, while revenue of $5.59 billion slightly missed forecasts but rose 8.8% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $358.88.
Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) Director Arne Wilhelmsen sold 35,000 shares of the business's stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $325.50, for a total transaction of $11,392,500.00. Following the sale, the director directly owned 15,524,236 shares in the company, valued at $5,053,138,818. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Arne Alexander Wilhelmsen also recently made the following trade(s):
- On Wednesday, November 11th, Arne Wilhelmsen sold 150,000 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $338.11, for a total value of $50,716,500.00.
- On Tuesday, November 10th, Arne Wilhelmsen sold 168,530 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $338.98, for a total value of $57,128,299.40.
- On Monday, November 9th, Arne Wilhelmsen sold 175,672 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $338.46, for a total value of $59,457,945.12.
- On Friday, November 6th, Arne Wilhelmsen sold 132,472 shares of Royal Caribbean Cruises stock. The shares were sold at an average price of $326.39, for a total value of $43,237,536.08.
- 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 value of $9,696,900.00.
- On Wednesday, November 4th, Arne Wilhelmsen sold 220,000 shares of Royal Caribbean Cruises stock. The shares were 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 traded up $1.36 during mid-day trading on Friday, reaching $323.36. The stock had a trading volume of 1,248,044 shares, compared to its average volume of 2,233,756. Royal Caribbean Cruises Ltd. has a 1-year low of $222.22 and a 1-year high of $356.39. The firm has a market cap of $86.49 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.12 and a beta of 1.88. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. The business's fifty day moving average is $281.51 and its 200-day moving average is $289.00.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, topping analysts' consensus estimates of $6.38 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The company's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.75 earnings per share. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.
Royal Caribbean Cruises Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 35.52%.
Institutional Trading of Royal Caribbean Cruises
Several hedge funds and other institutional investors have recently bought and sold shares of RCL. BlackRock Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $6,549,422,000. Sanders Capital LLC increased its holdings in shares of Royal Caribbean Cruises by 85.7% during the 3rd quarter. Sanders Capital LLC now owns 4,835,116 shares of the company's stock valued at $1,285,464,000 after purchasing an additional 2,231,864 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $669,804,000. Jupiter Topco LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $597,350,000. Finally, Legal & General Group Plc acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $413,449,000. 87.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RCL has been the topic of several recent research reports. Deutsche Bank raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and upped their price objective for the company from $299.00 to $330.00 in a report on Monday, September 28th. Loop Capital increased their price objective on shares of Royal Caribbean Cruises from $304.00 to $327.00 in a research note on Wednesday, July 29th. Jefferies Financial Group set a $350.00 target price on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Wednesday, October 28th. Morgan Stanley reissued an "equal weight" rating on shares of Royal Caribbean Cruises in a report on Thursday. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $355.00 target price (down from $380.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, September 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $358.88.
Read Our Latest Stock Analysis on RCL
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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.
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