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

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Wilhelmsen sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Price Performance

RCL opened at $326.86 on Friday. 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 Ltd. has a 12-month low of $222.22 and a 12-month high of $356.39. The stock has a market capitalization of $87.43 billion, a P/E ratio of 18.69, a PEG ratio of 1.12 and a beta of 1.88. The stock has a 50-day moving average price of $275.23 and a 200-day moving average price of $287.88.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.38 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.75 earnings per share. Equities 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio is presently 35.52%.

Institutional Investors Weigh In On Royal Caribbean Cruises

Large investors have recently bought and sold shares of the business. Diversified Trust Co lifted its position in Royal Caribbean Cruises by 19.8% during the 3rd quarter. Diversified Trust Co now owns 23,480 shares of the company’s stock worth $6,242,000 after acquiring an additional 3,882 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Royal Caribbean Cruises by 6.9% in the third quarter. Moors & Cabot Inc. now owns 5,453 shares of the company’s stock worth $1,450,000 after acquiring an additional 352 shares during the last quarter. Valmark Advisers Inc. grew its stake in Royal Caribbean Cruises by 2.5% during the third quarter. Valmark Advisers Inc. now owns 1,324 shares of the company’s stock worth $352,000 after buying an additional 32 shares during the period. Allworth Financial LP boosted its stake in Royal Caribbean Cruises by 4.7% during the third quarter. Allworth Financial LP now owns 5,602 shares of the company’s stock valued at $1,489,000 after buying an additional 249 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake 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 own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of research analyst reports. TD Cowen increased their target price on Royal Caribbean Cruises from $337.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Argus boosted their price target on shares of Royal Caribbean Cruises from $330.00 to $375.00 in a research note on Tuesday, July 28th. BNP Paribas Exane raised their price objective on Royal Caribbean Cruises from $357.00 to $392.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $345.00 to $394.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. Finally, Morgan Stanley increased their target price on Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises has an average 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.