Heritage Trust Co Buys 1,424 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Heritage Trust Co increased its holdings in Royal Caribbean Cruises Ltd. by 33.9%, owning a total of 5,623 shares valued at $1,155,000 after purchasing an additional 1,424 shares.
• Royal Caribbean reported $4.38 earnings per share for the latest quarter, exceeding expectations, with a revenue of $4.54 billion.
• The company announced a quarterly dividend of $0.75, equating to an annual yield of 1.0% and a payout ratio of 22.49%.

Heritage Trust Co boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 33.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,623 shares of the company's stock after purchasing an additional 1,424 shares during the period. Heritage Trust Co's holdings in Royal Caribbean Cruises were worth $1,155,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Ostrum Asset Management lifted its stake in Royal Caribbean Cruises by 0.3% in the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after purchasing an additional 40 shares in the last quarter. CWM LLC lifted its stake in Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after purchasing an additional 45 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Royal Caribbean Cruises by 3.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock valued at $278,000 after buying an additional 45 shares in the last quarter. Forum Financial Management LP raised its position in shares of Royal Caribbean Cruises by 1.5% during the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock valued at $628,000 after buying an additional 46 shares in the last quarter. Finally, Accredited Investors Inc. raised its position in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock valued at $458,000 after buying an additional 46 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 1.2%

RCL stock opened at $314.12 on Monday. The firm has a market capitalization of $85.32 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.88 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $355.91. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company's 50 day moving average price is $302.63 and its 200 day moving average price is $254.09.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.21 earnings per share. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.0%. Royal Caribbean Cruises's payout ratio is 22.49%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.10.

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.

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