Royal Caribbean Cruises (NYSE:RCL) Reaches New 52-Week High at $135.04

Royal Caribbean Cruises Ltd (NYSE:RCL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $135.04 and last traded at $134.81, with a volume of 408014 shares changing hands. The stock had previously closed at $132.22.

A number of research analysts have recently weighed in on RCL shares. Macquarie upgraded Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $126.00 to $132.00 in a research report on Friday, October 18th. Argus raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday. Zacks Investment Research lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating and set a $133.00 price target for the company. in a research note on Wednesday, December 18th. Nomura restated a “buy” rating and set a $150.00 price target on shares of Royal Caribbean Cruises in a report on Wednesday, December 11th. Finally, ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $147.90.

The business’s 50 day simple moving average is $126.26 and its 200 day simple moving average is $114.53. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $27.34 billion, a PE ratio of 15.20, a PEG ratio of 1.25 and a beta of 1.45.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.27 EPS for the quarter, missing the Zacks’ consensus estimate of $4.31 by ($0.04). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.22 billion. Royal Caribbean Cruises had a net margin of 17.85% and a return on equity of 17.67%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.98 EPS. Analysts forecast that Royal Caribbean Cruises Ltd will post 9.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, December 19th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.70. Royal Caribbean Cruises’s dividend payout ratio is presently 35.21%.

In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $113.13, for a total value of $2,262,600.00. Following the sale, the chief executive officer now directly owns 826,351 shares of the company’s stock, valued at approximately $93,485,088.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lawrence R. Pimentel sold 10,928 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $120.00, for a total transaction of $1,311,360.00. Following the completion of the sale, the chief executive officer now directly owns 58,335 shares in the company, valued at $7,000,200. The disclosure for this sale can be found here. Insiders have sold 90,928 shares of company stock valued at $10,706,360 over the last ninety days. 13.07% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RCL. LPL Financial LLC lifted its holdings in shares of Royal Caribbean Cruises by 10.9% in the 2nd quarter. LPL Financial LLC now owns 21,868 shares of the company’s stock valued at $2,651,000 after buying an additional 2,145 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $295,000. Renaissance Technologies LLC acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $3,915,000. Brown Advisory Inc. lifted its position in shares of Royal Caribbean Cruises by 39.4% during the 2nd quarter. Brown Advisory Inc. now owns 4,560 shares of the company’s stock valued at $553,000 after buying an additional 1,290 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of Royal Caribbean Cruises by 24.4% during the 2nd quarter. Natixis Advisors L.P. now owns 21,423 shares of the company’s stock valued at $2,597,000 after buying an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Royal Caribbean Cruises Company Profile (NYSE:RCL)

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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