Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Royal Caribbean Cruises Ltd. NYSE: RCL. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Royal Caribbean Cruises stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
Royal Caribbean Cruises Stock Up 0.8 %
Shares of NYSE RCL traded up $2.17 during trading on Wednesday, hitting $263.97. The stock had a trading volume of 1,649,008 shares, compared to its average volume of 2,225,905. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The firm has a fifty day moving average of $244.20 and a two-hundred day moving average of $211.17. The company has a market capitalization of $70.98 billion, a PE ratio of 24.69, a PEG ratio of 0.98 and a beta of 2.59.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same period last year, the company posted $1.25 earnings per share. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Royal Caribbean Cruises declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
Royal Caribbean Cruises Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio is presently 20.58%.
Insider Activity at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,500 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $256.68, for a total value of $5,005,260.00. Following the sale, the director now directly owns 185,021 shares in the company, valued at approximately $47,491,190.28. The trade was a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by insiders.
Institutional Trading of Royal Caribbean Cruises
Several large investors have recently bought and sold shares of RCL. Park Avenue Securities LLC boosted 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. Sanctuary Advisors LLC increased its position in Royal Caribbean Cruises by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company's stock worth $5,142,000 after buying an additional 12,530 shares during the period. Souders Financial Advisors bought a new stake in Royal Caribbean Cruises in the third quarter valued at $800,000. Merit Financial Group LLC grew its position in shares of Royal Caribbean Cruises by 541.0% during the fourth quarter. Merit Financial Group LLC now owns 9,897 shares of the company's stock worth $2,283,000 after acquiring an additional 8,353 shares during the last quarter. Finally, Lorne Steinberg Wealth Management Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $231,000. Institutional investors and hedge funds own 87.53% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on RCL. StockNews.com upgraded Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a report on Tuesday, November 26th. Bank of America upped their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Argus raised their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. UBS Group upped their target price on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Citigroup raised their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.12.
Read Our Latest Analysis on Royal Caribbean Cruises
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.
Royal Caribbean Cruises Company Profile
(
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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