Henry L. Pujol Sells 9,944 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock

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

Royal Caribbean Cruises Stock Up 0.6 %

RCL stock opened at $138.21 on Friday. The company’s 50 day moving average price is $131.98 and its 200 day moving average price is $118.89. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market capitalization of $35.57 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a fifty-two week low of $70.58 and a fifty-two week high of $143.62.

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

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $33,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the third quarter worth $36,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Susquehanna boosted their price objective on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.71.

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.