Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Royal Caribbean Cruises Ltd. NYSE: RCL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Royal Caribbean Cruises stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Royal Caribbean Cruises Stock Performance
NYSE RCL traded down $3.12 on Thursday, hitting $248.25. 213,952 shares of the stock traded hands, compared to its average volume of 2,664,659. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $277.08. The business's fifty day moving average is $210.22 and its two-hundred day moving average is $229.11. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The firm has a market capitalization of $67.41 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 0.90 and a beta of 2.12.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the company earned $1.77 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Royal Caribbean Cruises declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.
Royal Caribbean Cruises Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.21%. Royal Caribbean Cruises's dividend payout ratio is presently 24.92%.
Wall Street Analyst Weigh In
RCL has been the topic of several analyst reports. UBS Group lifted their price objective on Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Tigress Financial boosted their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Northcoast Research assumed coverage on Royal Caribbean Cruises in a research report on Friday, April 25th. They set a "buy" rating and a $279.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $271.30.
Get Our Latest Stock Report on Royal Caribbean Cruises
Insiders Place Their Bets
In related news, CEO Jason T. Liberty sold 58,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at approximately $37,514,907.30. This represents a 28.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Naftali Holtz sold 17,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the transaction, the chief financial officer now owns 42,127 shares in the company, valued at $11,021,265.74. This trade represents a 28.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,992 shares of company stock worth $23,566,445. Corporate insiders own 7.95% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of Royal Caribbean Cruises by 511.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company's stock worth $498,000 after purchasing an additional 1,804 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Royal Caribbean Cruises by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company's stock valued at $1,530,000 after buying an additional 1,111 shares during the period. Lorne Steinberg Wealth Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $231,000. Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after purchasing an additional 353,893 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Royal Caribbean Cruises by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 291,027 shares of the company's stock worth $67,137,000 after buying an additional 7,740 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Royal Caribbean Cruises
(
Get Free Report)
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.
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