Royal Caribbean Cruises Ltd. (RCL) CEO Sells $2,514,000.00 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 124.88 on Thursday. The stock has a market cap of $26.86 billion, a PE ratio of 17.52 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 12-month low of $67.53 and a 12-month high of $128.09. The company’s 50-day moving average price is $120.99 and its 200-day moving average price is $112.72.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.60 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. This represents a $2.40 annualized dividend and a yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 33.71%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/19/royal-caribbean-cruises-ltd-rcl-ceo-sells-2514000-00-in-stock.html.

A number of hedge funds have recently bought and sold shares of RCL. BlackRock Inc. increased its stake in Royal Caribbean Cruises by 3,290.6% during the first quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock worth $1,016,356,000 after acquiring an additional 10,053,823 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 4.1% during the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after buying an additional 673,608 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Royal Caribbean Cruises by 1,754.5% during the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after buying an additional 647,483 shares during the period. Capital Growth Management LP purchased a new position in shares of Royal Caribbean Cruises during the second quarter worth $61,933,000. Finally, American Century Companies Inc. boosted its position in shares of Royal Caribbean Cruises by 9,025.9% during the second quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after buying an additional 525,851 shares during the period. 71.49% of the stock is owned by institutional investors.

A number of analysts have issued reports on RCL shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $111.00 to $130.00 in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) started coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating on the stock. Finally, Bank of America Corporation started coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating and a $123.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $123.04.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 124.88 on Thursday. The stock has a market cap of $26.86 billion, a PE ratio of 17.52 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 12-month low of $67.53 and a 12-month high of $128.09. The company’s 50-day moving average price is $120.99 and its 200-day moving average price is $112.72.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.60 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. This represents a $2.40 annualized dividend and a yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 33.71%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/19/royal-caribbean-cruises-ltd-rcl-ceo-sells-2514000-00-in-stock.html.

A number of hedge funds have recently bought and sold shares of RCL. BlackRock Inc. increased its stake in Royal Caribbean Cruises by 3,290.6% during the first quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock worth $1,016,356,000 after acquiring an additional 10,053,823 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 4.1% during the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after buying an additional 673,608 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Royal Caribbean Cruises by 1,754.5% during the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after buying an additional 647,483 shares during the period. Capital Growth Management LP purchased a new position in shares of Royal Caribbean Cruises during the second quarter worth $61,933,000. Finally, American Century Companies Inc. boosted its position in shares of Royal Caribbean Cruises by 9,025.9% during the second quarter. American Century Companies Inc. now owns 531,677 shares of the company’s stock worth $58,075,000 after buying an additional 525,851 shares during the period. 71.49% of the stock is owned by institutional investors.

A number of analysts have issued reports on RCL shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $111.00 to $130.00 in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) started coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating on the stock. Finally, Bank of America Corporation started coverage on Royal Caribbean Cruises in a research report on Monday, July 24th. They set a “neutral” rating and a $123.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $123.04.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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