Insider Selling: William Reilly Unloads 8,000 Shares of Royal Caribbean Cruises Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) Director William Reilly sold 8,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $39.02, for a total transaction of $312,160.00. Following the transaction, the director now directly owns 8,926 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on RCL. Analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises (NYSE:RCL) in a research note to investors on Monday. They now have a $39.00 price target on the stock. Separately, analysts at Carnegie upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at Susquehanna upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a “neutral” rating to a “positive” rating in a research note to investors on Wednesday, September 4th. They now have a $45.00 price target on the stock, up previously from $36.00.
One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average price target of $41.86.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 0.62% on Friday, hitting $39.19. The stock had a trading volume of 1,239,621 shares. Royal Caribbean Cruises has a 52 week low of $29.69 and a 52 week high of $40.00. The stock has a 50-day moving average of $37.95 and a 200-day moving average of $35.43. The company has a market cap of $8.608 billion and a P/E ratio of 113.89.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings data on Thursday, July 25th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.14. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company posted ($0.02) earnings per share. Royal Caribbean Cruises’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Royal Caribbean Cruises will post $2.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 8th. Investors of record on Tuesday, September 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, September 20th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.12.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.