Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Vagn O. Sorensen Sells 5,800 Shares of Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $161.43 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.37. The stock’s 50 day simple moving average is $157.05 and its two-hundred day simple moving average is $142.19. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 0.42 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.62%.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Unique Wealth Strategies LLC purchased a new position in Royal Caribbean Cruises during the second quarter valued at $27,000. Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at $30,000. Versant Capital Management Inc grew its stake in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on RCL. Barclays upped their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.13.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.