Royal Caribbean Cruises Ltd. (NYSE:RCL) CAO Sells $1,404,391.12 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares of the company’s stock, valued at approximately $2,356,705.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $138.21 on Friday. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a fifty-two week low of $70.58 and a fifty-two week high of $143.62. The stock’s 50-day moving average is $131.98 and its two-hundred day moving average is $118.89. The firm has a market cap of $35.57 billion, a P/E ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted ($0.23) EPS. The business’s revenue was up 29.2% compared to the same quarter last year. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RCL. Bank of America boosted their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna boosted their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Macquarie boosted their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Mizuho boosted their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $141.71.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $33,000. Finally, West Branch Capital LLC grew its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

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.