Royal Caribbean Cruises (NYSE:RCL) Director Arne Alexander Wilhelmsen Sells 35,000 Shares of Company Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Wilhelmsen sold 35,000 shares of the company’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $325.50, for a total value of $11,392,500.00. Following the completion of the sale, the director directly owned 15,524,236 shares of the company’s stock, valued at $5,053,138,818. The trade was a 0.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were 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 shares were 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $329.29, for a total value of $72,443,800.00.

Royal Caribbean Cruises Stock Up 0.4%

NYSE:RCL traded up $1.36 during trading hours on Friday, hitting $323.36. The stock had a trading volume of 1,248,044 shares, compared to its average volume of 2,520,656. 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 1-year low of $222.22 and a 1-year high of $356.39. The business has a 50 day simple moving average of $280.34 and a two-hundred day simple moving average of $288.84. The company has a market cap of $86.49 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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. Royal Caribbean Cruises had a net margin of 23.78% and a return on equity of 43.40%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the firm posted $5.75 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts predict that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RCL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $358.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, October 28th. JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $345.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Freedom Broker raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and lifted their target price for the stock from $351.00 to $379.00 in a research report on Wednesday, October 28th. TD Cowen boosted their price target on Royal Caribbean Cruises from $337.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Finally, BNP Paribas Exane increased their price target on Royal Caribbean Cruises from $357.00 to $392.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.88.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. boosted its stake in Royal Caribbean Cruises by 78.5% during the 3rd quarter. Kovack Advisors Inc. now owns 8,598 shares of the company’s stock valued at $2,303,000 after acquiring an additional 3,781 shares during the last quarter. Advisory Alpha LLC grew its holdings in Royal Caribbean Cruises by 3.9% during the 3rd quarter. Advisory Alpha LLC now owns 1,723 shares of the company’s stock worth $459,000 after acquiring an additional 65 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Royal Caribbean Cruises by 45.1% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 17,675 shares of the company’s stock worth $4,699,000 after acquiring an additional 5,493 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Royal Caribbean Cruises by 7.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 233,015 shares of the company’s stock worth $61,949,000 after purchasing an additional 15,305 shares during the last quarter. Finally, Pinnbrook Capital Management LP bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $1,563,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Key Stories Impacting Royal Caribbean Cruises

Here are a few of the latest stories about RCL:

• Positive Sentiment: Zacks highlighted RCL as a strong growth stock, which may attract investors seeking companies with growth characteristics. The article’s excerpt does not provide specific forecasts or new company results. Article: Here’s Why Royal Caribbean (RCL) is a Strong Growth Stock
• Neutral Sentiment: A separate analyst roundup discusses Royal Caribbean, but the provided headline and excerpt contain no specific rating, forecast, or recommendation to assess. Article: Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Three reports describe Royal Caribbean directors selling shares worth approximately $159.8 million in total. Large insider sales can weigh on sentiment, although the headlines do not explain the reasons for the transactions. Article: Director Sells $43,237,536.08 in Stock Article: Director Sells $59,457,945.12 in Stock Article: Director Sells $57,128,299.40 in Stock

About Royal Caribbean Cruises

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.