Insider Selling: Royal Caribbean Cruises EVP Sells 41,985 Shares of Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) EVP Harri U. Kulovaara unloaded 41,985 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $54.60, for a total transaction of $2,292,381.00. Following the sale, the executive vice president now directly owns 32,905 shares in the company, valued at approximately $1,796,613. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on RCL. Analysts at Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, May 14th. They now have a $56.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Royal Caribbean Cruises from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 14th. They now have a $63.00 price target on the stock, up previously from $54.00. Finally, analysts at Zacks downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $54.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Royal Caribbean Cruises presently has an average rating of “Buy” and an average price target of $56.12.
Royal Caribbean Cruises (NYSE:RCL) traded up 0.96% during mid-day trading on Thursday, hitting $54.75. The stock had a trading volume of 861,675 shares. Royal Caribbean Cruises has a 52-week low of $31.37 and a 52-week high of $56.66. The stock’s 50-day moving average is $52.45 and its 200-day moving average is $49.71. The company has a market cap of $12.161 billion and a P/E ratio of 28.44.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.07. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $3.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 5th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, May 16th.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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