Royal Caribbean Cruises Ltd. (NYSE:RCL) CAO Henry L. Pujol Sells 5,207 Shares

Key Points

• Royal Caribbean's CAO, Henry L. Pujol, sold 5,207 shares at an average price of $329.47, totaling approximately $1.72 million, which represents a 39.95% decrease in ownership.
• The company reported $4.38 earnings per share (EPS) for the quarter, exceeding analyst estimates of $4.04, and demonstrated a 10.4% year-over-year revenue increase with a total of $4.54 billion.
• Royal Caribbean announced a quarterly dividend of $0.75 per share, translating to an annual yield of 1.0%, with a payout ratio of 22.49%.

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Royal Caribbean Cruises Trading Down 1.2%

Shares of NYSE RCL traded down $3.75 on Friday, reaching $314.12. 2,827,375 shares of the company traded hands, compared to its average volume of 2,583,818. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $355.91. The company has a 50 day moving average of $301.16 and a 200 day moving average of $253.21. The company has a current ratio of 0.23, a quick ratio of 0.15 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $85.30 billion, a PE ratio of 23.55, a P/E/G ratio of 0.93 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The business had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the business earned $3.21 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.0%. Royal Caribbean Cruises's payout ratio is currently 22.49%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. TD Cowen started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective on the stock. William Blair reiterated an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $321.10.

Institutional Trading of Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. Nuveen LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $358,614,000. GAMMA Investing LLC boosted its holdings in Royal Caribbean Cruises by 22,154.9% in the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after acquiring an additional 1,404,622 shares during the period. Janus Henderson Group PLC boosted its holdings in Royal Caribbean Cruises by 3,544.4% in the 4th quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock worth $222,166,000 after acquiring an additional 936,609 shares during the period. Vanguard Group Inc. boosted its holdings in Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after acquiring an additional 535,043 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

About Royal Caribbean Cruises

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.