Trilogy Capital Inc. Buys Shares of 1,701 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Trilogy Capital Inc. recently acquired 1,701 shares of Royal Caribbean Cruises Ltd. valued at approximately $349,000 during the first quarter.
• Royal Caribbean Cruises reported quarterly earnings of $2.71 EPS, exceeding analyst expectations and showcasing a 7.3% increase in revenue compared to the prior year.
• The company declared a quarterly dividend of $0.75 per share, resulting in an annualized yield of 0.85% with a payout ratio of 24.92%.

Trilogy Capital Inc. bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,701 shares of the company's stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RCL. Capital International Investors lifted its stake in shares of Royal Caribbean Cruises by 0.9% in the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock valued at $6,854,905,000 after acquiring an additional 278,860 shares during the last quarter. Geode Capital Management LLC raised its position in Royal Caribbean Cruises by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Norges Bank bought a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $707,833,000. Bank of New York Mellon Corp raised its position in Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Royal Caribbean Cruises by 24.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after purchasing an additional 513,702 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on RCL shares. Truist Financial reissued a "hold" rating and issued a $337.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Monday, July 21st. Susquehanna upped their price target on Royal Caribbean Cruises from $275.00 to $385.00 and gave the stock a "positive" rating in a research note on Wednesday. TD Cowen began coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target on the stock. Bank of America upped their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup restated a "buy" rating and issued a $390.00 price target (up previously from $318.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $320.67.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 19th. The stock was 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 in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded down $0.75 during trading on Wednesday, reaching $333.62. 667,190 shares of the stock traded hands, compared to its average volume of 2,562,742. The company has a market capitalization of $90.60 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 0.99 and a beta of 2.17. The business has a fifty day simple moving average of $297.72 and a two-hundred day simple moving average of $252.05. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

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.