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

Key Points

• Director Arne Wilhelmsen sold 30,000 Royal Caribbean shares for about $9.7 million at an average price of $323.23, reducing his stake by 0.19%. The previous day, he sold 220,000 shares for about $72.4 million.
• Royal Caribbean shares rose 1.3% to $326.86. In its latest quarter, the company beat earnings-per-share estimates ($6.57 versus $6.38), while revenue of $5.59 billion came in slightly below consensus and increased 8.8% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $355.62; the company also pays a quarterly dividend of $1.50 per share.

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) Director Arne Wilhelmsen sold 30,000 shares of the business's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $323.23, for a total transaction of $9,696,900.00. Following the sale, the director owned 16,185,910 shares of the company's stock, valued at $5,231,771,689.30. This trade represents a 0.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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 transaction of $72,443,800.00.

Royal Caribbean Cruises Stock Up 1.3%

Shares of Royal Caribbean Cruises stock traded up $4.13 during trading hours on Friday, reaching $326.86. The company's stock had a trading volume of 1,534,320 shares, compared to its average volume of 2,536,915. The company has a market capitalization of $87.43 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.16 and a beta of 1.88. The stock's fifty day simple moving average is $274.39 and its two-hundred day simple moving average is $287.59. Royal Caribbean Cruises Ltd. has a one year low of $222.22 and a one year high of $356.39. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.19 and a current ratio of 0.22.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $6.57 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the firm posted $5.75 earnings per share. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.94 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. Royal Caribbean Cruises's payout ratio is 35.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RCL. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $358.00 to $361.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. BNP Paribas Exane lifted their target price on Royal Caribbean Cruises from $357.00 to $392.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Tigress Financial reiterated a "buy" rating and set a $425.00 price target on shares of Royal Caribbean Cruises in a report on Monday, September 28th. Loop Capital increased their price target on Royal Caribbean Cruises from $304.00 to $327.00 in a research report on Wednesday, July 29th. Finally, UBS Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research note 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $355.62.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $6,549,422,000. State Street Corp increased its position in shares of Royal Caribbean Cruises by 2.6% during the second quarter. State Street Corp now owns 10,689,134 shares of the company's stock valued at $3,409,971,000 after acquiring an additional 270,930 shares during the last quarter. Sanders Capital LLC increased its position in shares of Royal Caribbean Cruises by 85.7% during the third quarter. Sanders Capital LLC now owns 4,835,116 shares of the company's stock valued at $1,285,464,000 after acquiring an additional 2,231,864 shares during the last quarter. Primecap Management Co. CA bought a new stake in Royal Caribbean Cruises during the second quarter worth $669,804,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Royal Caribbean Cruises by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,957,044 shares of the company's stock worth $538,393,000 after acquiring an additional 38,748 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

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.

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